JMP Securities Reiterated 'Market Outperform' Rating on ServiceNow, Inc. (NOW) With $1,300 PT

ServiceNow, Inc. (NYSE:NOW) is included in our list of the 11 Best Rebound Stocks to Buy According to Hedge Funds.

JMP Securities reiterated its ‘Market Outperform’ rating on ServiceNow, Inc. (NYSE:NOW) on August 4, 2025, with a $1,300 price target. The sentiment boost is attributed to growing confidence in the company’s AI Control Tower and its AI Agents within AI Agent Studio. ServiceNow’s innovative pipeline, coupled with its growing AI-driven capabilities, is driving its growth outlook.

The analyst acknowledged the YTD decline in ServiceNow, Inc. (NYSE:NOW)’s shares and yet believes that the company’s AI product advancements position it well to reaccelerate growth and boost its presence in enterprise digital transformation.

ServiceNow, Inc. (NYSE:NOW) delivers cloud-based digital workflow solutions globally with its Now platform. It is included in our list of the Best Rebound Stocks To Buy.

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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