20 Trending AI Stocks on Latest News and Ratings

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7. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 97

ServiceNow, Inc. (NYSE:NOW) is an American software company that offers end-to-end intelligent workflow automation platform solutions for digital businesses. The company has been enhancing its productivity with the help of AI, quoting how Al should have an $11 trillion impact on the economy, with the company remaining at the forefront of this transformation.

On October 10, 2024, BMO Capital Markets analyst Keith Bachman increased its price target on ServiceNow, Inc. (NYSE:NOW) shares to $1,025.00 from the previous $860.00. Its “Outperform” rating retention on the stock is a reflection of BMO’s increased confidence in the company’s sustained growth potential.

Analysts express increased confidence in ServiceNow, Inc. (NYSE:NOW) sustained growth, noting the company’s strong position to continue expanding in the core IT Service Management sector while also venturing into new product areas. They highlight the potential to leverage its significant existing customer base to generate additional sales opportunities.

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