9 Important AI News and Ratings on Investors’ Radar

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW) provides AI-driven workflow automation, integrating machine learning, process mining, and robotic process automation to support digital transformation.

Raymond James initiated coverage of ServiceNow with an Outperform rating and a $1,200 price target, highlighting its long-term growth potential despite near-term valuation challenges. Analysts, led by Adam Tindle, noted ServiceNow’s strong growth at scale, referencing historical data showing that software firms exceeding $10B in revenue and growing over 20% have significantly outperformed the market over 5- and 10-year periods. They see a significant Generative AI monetization opportunity for ServiceNow, ranging from hundreds of millions to several billion dollars, supported by its established presence in enterprise operations, strong financial position, and focus on innovation.