5 High Growth Large-Cap Stocks To Invest In

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1. ServiceNow Inc (NYSE:NOW)

Number of Hedge Fund Investors: 99

Investment firm UBS recently kept a Buy rating on ServiceNow Inc (NYSE:NOW) but increased its price target on the stock to $820 from $650. The new price target shows a significant upside potential from the current price of the stock ($703 as of December 19).

ClearBridge Multi Cap Growth Strategy made the following comment about ServiceNow, Inc. (NYSE:NOW) in its third 2023 investor letter:

“ServiceNow, Inc. (NYSE:NOW) is a leading provider of workflow automation software. We see the company as a key enabler of modernization and digital transformation, which is well-positioned as enterprises look to converge on a single platform solution. Despite its sizable customer base, we believe ServiceNow still has substantial room to expand spending with existing customers, as most have not fully leveraged its full product suite. We also are encouraged by the company’s strong leadership team and history of innovation which should enable it to continue to expand wallet share. Additionally, despite ongoing investments in growth, ServiceNow continues to drive healthy operating leverage.”

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