Wolfe Research Lowers PT on ServiceNow (NOW) stock

ServiceNow, Inc. (NYSE:NOW) is one of the Most Promising AI Stocks to Invest In. Wolfe Research reduced its price objective on the company’s stock to $125 from $175 while maintaining an “Outperform” rating. The firm highlighted that the company’s guidance was more conservative because of on-premise deals in the Middle East, which were delayed. However, ServiceNow, Inc. (NYSE:NOW) exhibited increased confidence in closing them over the upcoming few quarters.

Wolfe Research Lowers PT on ServiceNow (NOW) stock

ServiceNow, Inc. (NYSE:NOW) highlighted that it surpassed the high end of its topline and profitability guidance metrics in Q1 2026, grew its FCF, and returned capital to shareholders. Furthermore, the early close of its Armis acquisition significantly enhances its cybersecurity exposure. Through combining Armis’ real-time asset discovery as well as cyber exposure management with ServiceNow, Inc. (NYSE:NOW)’s AI Control Tower and automated workflows, both companies plan to deliver a unified and end-to-end security platform.

ServiceNow, Inc. (NYSE:NOW) rolled out Autonomous Workforce, which is a new class of AI specialists executing enterprise jobs end-to-end, having built-in governance and human oversight.

ServiceNow Inc. (NYSE:NOW) offers cloud-based and AI-embedded end-to-end workflow automation solutions.

While we acknowledge the risk and potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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