Buy Opportunity on ServiceNow Post Dip

24 days ago

Host

"Now, when it comes to Service Now, this is a company that's at the enterprise or the intersection of enterprise software as well as workflow automation. The next step for AI as it continues to go through the infrastructure buildout phase is transitioning more into the use case phase. Meaning how can regular businesses now apply a lot of this AI infrastructure to not only help them become more efficient but help them save money as well. When it comes to Service Now, shares are down 30%, giving us a great opportunity to buy this stock. As I mentioned, Service Now is using mission-critical software that allows many different businesses of all different shapes and sizes to not only access a lot of what's going on in the world of AI right now, but also start to incorporate it into its workflows. When it comes to analysts, they are very upbeat on the stock, rating at a strong buy with an average 12-month price target of $232 per share, implying roughly 50% upside from current levels."

The speaker identifies ServiceNow as a buying opportunity, highlighting that its shares are down 30% amid a favorable shift in the AI infrastructure landscape. The company benefits from mission-critical software that supports workflow automation and boasts a 98% renewal rate. Analysts have given a strong buy rating with a 12-month price target of 232, suggesting significant upside potential heading into 2026.

Related Stocks