Billionaire Ken Fisher’s Top 10 High Growth Stock Picks

7. ServiceNow, Inc. (NYSE:NOW)

Net revenue growth in the past 12 months: 23.48%

ServiceNow, Inc. (NYSE:NOW) is a leading American software company offering a cloud-based platform for managing digital workflows in global enterprises. It helps organizations streamline operations, improve efficiency, and enhance the user experience by providing a unified interface for managing tasks, services, and processes.

ServiceNow, Inc. (NYSE:NOW)’s standout innovation, the Now Assist AI, has emerged as its fastest-growing product. With accelerated adoption, 44 customers now contribute over $1 million in annual contract value (ACV). Among these, six deals exceeded $5 million, and two surpassed $10 million in ACV.

In its recent financial results, ServiceNow, Inc. (NYSE:NOW) reported robust third-quarter performance. Total revenue grew 22% year-over-year (YoY) to $2.8 billion, with subscription revenues—a major component—rising 22.5% to $2.72 billion.

Piper Sandler raised the target price for ServiceNow, Inc. (NYSE:NOW) on January 6, 2025, from $1,000 to $1,200, maintaining an “Overweight” rating and projecting an 11% upside from the current price level.