ServiceNow
NOW (NYSE)
ServiceNow (NOW) continues to impress with its Agentic AI platform, boasting a remarkable 20% subscription growth and a 97% renewal rate. Analysts maintain a consensus rating of Buy, with a median 12-month price target of $930, despite a recent 1-year return of -29.79%. As the company serves 85% of Fortune 500 firms with its workflow and customer service solutions, it remains a strong contender in the software sector, despite recent stock fluctuations.
Pros:
- High renewal rate of 97%
- Serves 85% of Fortune 500
Cons:
- Recent stock decline
- Market volatility risk
ServiceNow (NOW) may be suitable for growth-oriented investors who are willing to tolerate short-term volatility in exchange for potential long-term gains, given its strong subscription growth and high renewal rates. However, those seeking income through dividends or lower-risk investments might want to consider other options, as the stock has experienced a significant decline in the past year.
