Is ServiceNow (NOW) A Reddit Stock with High Potential?
From Yahoo Finance: 2025-04-17 18:21:00
Monica Guerra from Morgan Stanley Wealth Management discussed the impact of President Trump’s statements on market volatility. She highlighted the uncertainty surrounding tariffs and taxes, cautioning against impulsive reactions. Over 70 countries are renegotiating tariffs with the US, potentially leading to inflationary pressures. Policy certainty may arise once the budget is finalized around August.
ServiceNow, Inc. (NYSE:NOW) offers cloud-based solutions for digital workflows, serving 7,400+ customers including 85% of the Fortune 500. The company focuses on AI integration to drive efficiency and customer value. Hedge funds are optimistic about NOW, with an average upside potential of 34.72%. Analysts predict a $275 billion TAM by 2026.
Lakehouse Global Growth Fund praised ServiceNow, Inc. (NYSE:NOW) for its impressive quarterly results, citing a 21% revenue growth and a 30% net income increase. The company’s renewal rates are strong at 98%, showcasing the mission-critical nature of its platform. ServiceNow is considered one of the highest quality software businesses globally.
While ServiceNow ranks 11th on the list of Reddit stocks with high potential, it maintains growth prospects. AI stocks are seen as promising for higher returns within a shorter timeframe. Investors looking for AI stocks with significant growth potential may consider alternatives trading at favorable valuations. ServiceNow’s focus on AI innovation positions it well for future growth.
Read more at Yahoo Finance: Is ServiceNow (NOW) A Reddit Stock with High Potential?