From Yahoo Finance: 2025-04-29 08:55:00

In the first quarter of 2025, Ithaka Group’s “Ithaka US Growth Strategy” investor letter reported underperformance compared to R1000G, with a decline of -10.3% to -10.0%. ServiceNow, Inc. (NYSE:NOW) was highlighted, showing a one-month return of 15.51% and a 35.20% gain over the last 52 weeks, closing at $937.41 per share on April 28, 2025.

ServiceNow, Inc. (NYSE:NOW) is a leading provider of cloud-based software solutions for global enterprises. While the stock fell due to changes in revenue recognition for its AI Agents offering, the company remains a key player in IT service management and workflow solutions for various enterprise departments.

Despite its potential, ServiceNow, Inc. (NYSE:NOW) was not among the 30 most popular stocks among hedge funds in the first quarter of 2025. However, the company’s subscription revenue increased by 20% year on year to $3.005 billion. While ServiceNow, Inc. (NYSE:NOW) shows promise, hedge funds are focusing on AI stocks for higher returns in a shorter timeframe.

Read more: ServiceNow (NOW) Stock Declines as AI Agents Transition to Consumption-Based Model