10 Trending AI Stocks on Wall Street’s Radar

4. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides a platform that automates IT processes, integrates with other enterprise software platforms and churns out analytics for informed decision-making. While the stock was up by 50% in 2024, it was up by 1.1% in 2025, attributed to strong earnings and upbeat guidance.

ServiceNow, Inc. (NYSE:NOW) has benefited from investor enthusiasm for artificial intelligence. JMP Securities raised its stock price target to $1300 on January 21st. They reiterated a Buy rating amid expectation that the company will benefit from increased spending on its Software Asset Management Pro and Hardware Asset Management Pro products.

CEO Bill McDermott has already stated ServiceNow, Inc. (NYSE:NOW) is well positioned to serve as the “control tower” for AI business transformation. Part of the Company’s strategy entails monetizing driven products. AI tools are now part of Service Now’s more expensive premium product bundles.