Top 10 High Flying AI Stocks This Week

6. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW) is a technology company that provides end-to-end intelligent workflow automation platform solutions for digital businesses. It operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools. On January 16, Cantor Fitzgerald initiated coverage of the stock with an overweight rating and a $1332 price target.

The positive rating coincides with ServiceNow, Inc. (NYSE:NOW) moving to strengthen its growth metrics amid increased artificial intelligence adoption with the acquisition of Cuein. With the acquisition, NOW gains access to a leader in AI native conversation data analysis and insights.

Cuein will contribute to the advancement of ServiceNow AI Agents’ efficacy. It should improve their comprehension, processing, and transformation of data from fragmented customer interactions across various channels and systems into a thorough analysis with actionable insights. This acquisition strengthens ServiceNow, Inc.’s (NYSE:NOW) position as the AI platform for business transformation and advances its agentic AI roadmap.