ServiceNow, Inc. (NYSE:NOW) is one of the Best Long Term Growth Stocks to Buy Now. On October 3, Stifel maintained a “Buy” rating on the company’s stock with the price objective of $1,200. The research firm highlighted solid Q4 Enterprise and Commercial pipelines, which are expected to support modest upside to fourth-quarter guidance. The firm also reported a QoQ improvement in ServiceNow, Inc. (NYSE:NOW)’s Enterprise and Commercial selling environment, mainly driven by the core workflows with additional strength from Pro+, Workflow Data Fabric, and RaptorDB offerings.
As of June 30, 2025, ServiceNow, Inc. (NYSE:NOW)’s current remaining performance obligations (cRPO) amounted to $10.92 billion, demonstrating 24.5% YoY growth and 21.5% in constant currency. Furthermore, Now Assist has been surpassing net new ACV expectations, thanks to an increase in both deal volume and size QoQ, putting ServiceNow, Inc. (NYSE:NOW) firmly on track to hit its $1 billion ACV target by 2026.
ClearBridge Investments, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:
“We did see good results from AI-ecosystem holdings in IT and industrials. Within IT, ServiceNow, Inc. (NYSE:NOW) remains a leader among its software peers in the monetization of generative AI, with a target of $1 billion in annual contract value from AI-related products by 2026.”
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.