William Blair analyst Arjun Bhatia has maintained their bullish stance on NOW stock, giving a Buy rating today.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight ServiceNow’s strong position in the enterprise AI market. The company’s management has set ambitious targets, such as achieving $1 billion in Now Assist ACV by 2026, which reflects confidence in their business momentum and AI strategy. The rapid adoption of ServiceNow’s CRM suite, which has exceeded $1.4 billion in ACV and continues to grow robustly, further supports this positive outlook.
ServiceNow’s innovative offerings, including nearly 50 out-of-the-box agentic AI use-cases and new solutions like AI Control Tower and Agent Fabric, demonstrate its commitment to advancing AI capabilities. The company’s pricing model, which combines consumption and subscription elements, has been well-received, aligning with the return on investment that customers experience. Despite challenges in the macro environment, ServiceNow’s strong platform and execution make it a valuable long-term technology holding, particularly as it is well-positioned to leverage AI opportunities in the future.
According to TipRanks, Bhatia is a 3-star analyst with an average return of 2.1% and a 46.84% success rate. Bhatia covers the Technology sector, focusing on stocks such as Five9, InterDigital, and ServiceNow.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $1,300.00 price target.