Why Piper Sandler Sees ServiceNow (NOW) as a Market-Leading AI Innovator

​ServiceNow, Inc. (NYSE:NOW) is one of the 10 AI Stocks Making Waves on Wall Street. On January 29, Piper Sandler analyst Rob Owens reiterated an Overweight rating on the stock with a $200.00 price target. The firm has highlighted NOW as a market-leading AI innovator and CRM share gainer.

The rating affirmation follows ServiceNow’s fourth quarter results, which the firm noted was a strong close to FY25 as it builds further momentum with its Now Assist and CRM products. Piper Sandler noted the initial 2026 organic outlook came in slightly ahead of street expectations.

Despite this, shares traded lower after-hours considering organic growth guidance fell short of some investor expectations. Nevertheless, the firm noted that management still reiterated its organic growth targets.

The firm continues to highlight ServiceNow as a market-leading AI innovator and share gainer in CRM, which is why it has reiterated its Buy rating.

“Tracking Ahead on Now Assist – NOW reported.”

ServiceNow, Inc. (NYSE:NOW) provides a platform that integrates workflows, data, and AI to coordinate how work flows across large organizations.

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