ServiceNow, Inc. (NYSE:NOW) is among the 10 Stocks That Will Make You Rich Over the Next Decade. As of the close of business on May 15, the stock sports a Strong Buy rating from Wall Street and has an average share price upside potential of 49%.
Recent updates include one from Wells Fargo analyst Michael Turrin, who reiterated a Buy rating on the stock on May 8, with a price target of $160.
Earlier, on May 6, Bernstein lifted its price target on ServiceNow, Inc. (NYSE:NOW) to $236 from $226 and kept an Outperform rating. The firm cited the company’s Analyst Day, in which it introduced a base long-term 2030 outlook, including raising the Rule of 40 metric to above 60, with free cash flow margins also rising around 900 bps compared to 2025 levels.
According to TipRanks, the company also said its stock-based compensation percentage of revenue would fall to under 10% by 2029.
In other news, ServiceNow, Inc. (NYSE:NOW) topped Wall Street’s estimates for the first quarter, with a revenue of $3.77 billion and diluted EPS of $0.97, against forecasts of $3.74 billion and $0.96.
However, the company said its Q1 subscription revenue growth was weighed by a 75 bps headwind due to the conflict in the Middle East, which delayed the closing of several large government agreements.
ServiceNow, Inc. (NYSE:NOW) provides an AI platform for business transformation, enabling integration with any cloud, model, and data source, to manage workflows and enhance productivity and business outcomes.
While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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