ServiceNow Inc (NOW) Expands AI Strategy With Key Acquisitions

ServiceNow Inc (NYSE:NOW) is one of the AI stocks that will go to the moon. On February 12, ServiceNow Inc (NYSE:NOW) announced the acquisition of Pyramid Analytics. The acquisition of the unified AI-powered business analytics and data science platform is part of the company’s bid to develop solutions that help organizations turn data into action.

Pyramid Analytics’ acquisition comes on the heels of its acquisitions of Data World and Veza, as it continues to build additional context and semantics into its software stack. A Merger of Pyramid Analytics capabilities and the ServiceNow AI platform will help customers turn self-service insights into action without leaving their workflows.

Earlier, on January 30, Bernstein reiterated an Outperform rating and a $219 price target on ServiceNow. According to the research firm, ServiceNow is a large-cap growth opportunity at a discount, as it appears relatively cheap compared to its peers. The research firm expects the company to deliver 30 basis points of currency-neutral subscription revenue growth. The growth would be driven by artificial intelligence reaching $1.2 billion in annual contract value in FY26, compared to the company’s guidance of $1 billion.

ServiceNow Inc. (NYSE:NOW) provides a cloud-based AI platform—the Now Platform—that automates enterprise workflows to improve efficiency across IT, HR, customer service, and security operations. It acts as a central digital hub, using AI and automation to replace manual tasks, streamline business processes, and connect disparate systems, helping organizations operate more intelligently.

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