ServiceNow, Inc. (NYSE:NOW) is according to the media, one of the shares with enormous growth potential. On January 23, Cantor Fitzgerald reiterated its Overweight rating for ServiceNow, Inc. (NYSE:NOW), but lowered its price target from $240 to $200.
The price target cut is in response to multiple compressions in the software sector. Despite the downgrade, Cantor Fitzgerald believes the company has limited downside risk. In the worst-case scenario, the research firm expects the stock to fall only 12%.
On January 21, BMO Capital reiterated its Outperform rating and lowered its price target from $230 to $175. Despite the reduction, the company expects modest increases in subscription revenue and performance obligations in the fourth quarter.
BMO Capital expects the company to provide guidance in line with current consensus CC organic sub-rev growth rates for FY26. She also expects the upcoming financial report to allay concerns about the sustainability of growth.
ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides an AI-powered platform designed to automate business workflows and manage digital infrastructure. It streamlines business processes for IT, employee services and customer service, transforming manual tasks into automated, efficient workflows to increase productivity.
While we recognize NOW’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best AI stocks for short term.
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Disclosure: None. This article was originally published on Insider monkey.
