Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

ServiceNow rated a buy despite AI fears, with 26% upside and strong subscription growth.

Market News
08 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

ServiceNow's stock has dropped nearly 24% in 2026 amid concerns about AI disruption. However, analysts see these fears as exaggerated and view the current weakness as a buying opportunity. The company boasts a strong competitive position with over 8,800 global customers, a 97% renewal rate, and deep industry integration. Consistent 20% subscription growth, robust free cash flow, and a $30 billion revenue target support a 26% upside to a $136 price target. Risks include potential subscription growth slowdown and competition from internal IT solutions, but the valuation premium is justified by strong growth and returns.

More News (NOW)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App