Here's Why Wedbush is Bullish on ServiceNow, Inc. (NOW) Again

ServiceNow, Inc. (NYSE:NOW) is one of the 11 best 52-week low technology stocks to buy now. On February 9, Wedbush added ServiceNow, Inc. (NYSE:NOW) back to its IVES AI 30 list after dropping it in December 2025. The firm said that the recent sell-off in software stocks has been overdone. Analysts led by Dan Ives argued that the view that large software companies such as ServiceNow, Inc. (NYSE:NOW) are structural losers in the AI era is misguided.

Wedbush believes the AI Revolution is still in its early stages and represents a long-term growth cycle that could unfold over a 10-year cycle. Although AI may create some short-term challenges for software stocks, the firm said that the market is overestimating the risks.

Even though ServiceNow, Inc.’s (NYSE:NOW) stock has been at the center of the recent sell-off, the analyst said they continue to view the company as benefiting from the AI revolution. According to analysts, the market is missing key aspects of the company and is focusing too much on short-term concerns.

ServiceNow, Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The company is located in Santa Clara, California, and was founded in June 2004 by Frederic B. Luddy.

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.