Piper Sandler Maintains a Buy Rating on ServiceNow (NOW) With a $1,150 PT

ServiceNow, Inc. (NYSE:NOW) is one of the best stocks to invest in for the long term. On July 24, Piper Sandler analyst Rob Owens maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW) and set a price target of $1,150.00.

The rating followed ServiceNow, Inc.’s (NYSE:NOW) announcement of its fiscal Q2 2025 results on July 23, surpassing guidance across all topline growth and profitability metrics for the quarter.

Total revenues for the quarter reached $3.215 billion, reflecting a 22.5% year‑over‑year growth, 21.5% in constant currency. Subscription revenues also grew to $3.113 million in Q2 2025, up 22.5% year‑over‑year, 21.5% in constant currency.

ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML.

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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Disclosure: None. This article is originally published at Insider Monkey.