|
|
|
|
|||||
|
|
|
New: Instantly spot drawdowns, dips, insider moves, and breakout themes across Maps and Screener.
The enterprise software specialist made an elite list compiled by a well-known investment bank.
The bank's analysts believe ServiceNow has wide scope for expansion.
A wobbly stock at the end of last week, ServiceNow (NYSE: NOW) seemed to be finding a better balance at the beginning of this one. Investors cautiously bought shares of the stock on Monday, sending its price nearly 1% higher and notching a slight victory over the S&P 500 index's 0.5% rise. Inclusion on a "best of" list compiled by a top investment bank was a key factor in the rise.
That morning, Goldman Sachs added three names to its U.S. Conviction List, including ServiceNow (the other two joining it are delivery specialist DoorDash and energy company Golar LNG).
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Image source: Getty Images.
Goldman's team of analysts, led by Steven Kron, waxed bullish about ServiceNow's potential to expand its offerings into other segments of the enterprise software market. According to reports, pundits believe it can capture market share in areas such as customer relationship management (CRM) and human resources.
With such scope for expansion, the investment bank is estimating that ServiceNow could post an organic compound annual growth rate (CAGR) of roughly 20% through 2029.
Goldman points out a significant (and to some extent, hidden) advantage of ServiceNow and its business model -- it's readily expandable into other functionalities where businesses often struggle to become (and remain) efficient. Over the years, I believe, ServiceNow has done a solid job selling its products and services to clients, and when and if it pushes into those new segments, it should be similarly successful. Goldman's bullish analysis is justified.
Before you buy stock in ServiceNow, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ServiceNow wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $450,256!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,171,666!*
Now, it’s worth noting Stock Advisor’s total average return is 942% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 2, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash, Goldman Sachs Group, and ServiceNow. The Motley Fool has a disclosure policy.
| 3 hours | |
| 3 hours | |
| 5 hours | |
| 7 hours | |
| 7 hours | |
| 10 hours | |
| 16 hours | |
| 16 hours | |
| Feb-01 | |
| Feb-01 | |
| Feb-01 | |
| Feb-01 | |
| Feb-01 | |
| Jan-31 | |
| Jan-31 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite