ServiceNow (NOW) Deepens Its Long-Term Commitment to Canada with CA$110 Million Investment; Analysts Remain Bullish

With significant hedge fund interest and upside potential, ServiceNow, Inc. (NYSE:NOW) secures a spot on our list of the 15 best AI stocks to watch in December 2025.

On December 8, 2025, ServiceNow, Inc. (NYSE:NOW) announced a CA$110 million investment, deepening its long-term commitment to Canada. With this investment, the company aims to accelerate AI adoption across the country’s public sector, funding Canadian-hosted, AI-ready digital infrastructure with advanced data, security, and operational controls. ServiceNow will also establish a new Canada Centre of Excellence, creating roughly 100 high-skilled jobs.

The Group Vice President and General Manager of ServiceNow Canada, Chris Ellison, stated,

“This is a major investment in Canada’s digital future. We’re deepening our commitment to the Canadian economy – creating high-skilled jobs, expanding our local footprint, and helping the Canadian public sector to modernize how it serves citizens. Our customers are asking for greater efficiency and the ability to scale with AI, and this investment ensures we can continue to deliver exactly that, securely and quickly.“

The investment reflects ServiceNow, Inc. (NYSE:NOW)’s growing partnerships with federal departments, provincial governments, crown corporations, and major cities. With this, the company aims to expand its ability to modernize public services through secure, AI-driven automation. Management sees the move as a critical step toward strengthening digital sovereignty and helping governments operate with greater efficiency in an AI-enabled future.

Meanwhile, on December 3, 2025, Barclays analyst Raimo Lenschow reiterated a “Buy” rating with a $1,225 price target. This came the day after ServiceNow, Inc. (NYSE:NOW) announced its plans to acquire Veza, a leader in identity security. With this deal, the company aims to integrate Veza’s patented Access Graph into the ServiceNow AI Platform, providing enterprises with enhanced control over human, machine, and AI-agent permissions. The integration of Veza will also strengthen security operations and enhance the AI Control Tower with unified, end-to-end identity governance.

ServiceNow, Inc. (NYSE:NOW) unifies systems, data, and workflows across enterprises with its AI-powered platform, which enables autonomous operations and secure, end-to-end arrangement of work for organizations globally.

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Disclosure: None.