11 Important AI News and Ratings for Investors

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3. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc.’s (NYSE:NOW) solutions integrate machine learning, robotic process automation, and performance analytics to enhance business efficiency and decision-making across various industries.

On December 18, Stifel analyst Brad Reback raised his price target for ServiceNow to $1,175 from $990, driven by stabilizing growth, modest acceleration in top-line performance, and early signs of AI monetization among large software companies. With declining interest rates, solid economic growth, and a “safe haven” status following the election, Reback expects growth in 2025 to align with the positive trends seen in the second half of 2024. Although he anticipates more conservative Q1 guidance from management, overall growth is expected to continue improving due to these factors.

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