10 Buzzing AI Stocks on Latest News and Ratings

3. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW), a cloud-based, AI-driven platform, enables enterprises to automate multiple management workflows. On January 21, BofA analyst Brad Sills raised the firm’s price target on ServiceNow to $1,280 from $1,075 and kept a “Buy” rating on the shares. The analyst noted that after talking to key ServiceNow partners, he has found deal activity in Q4 to be “solidly in-line or slightly better” which is “a slight improvement” from Q3. The analyst further argued that ServiceNow is “second only to Microsoft (MSFT) with tangible AI revenue”. The company has been leveraging artificial intelligence, particularly generative artificial intelligence, AI, to help customers streamline workflows and processes across various functions. BofA is very optimistic about the company’s top-line growth and share gains.