ServiceNow, Inc. (NYSE:NOW) highlighted as one of the top 10 AI stocks on Wall Street. Bernstein analysts reiterate Outperform rating with $219.00 price target, citing undervaluation and potential upside from H2 AI token renewals.

Bernstein labels ServiceNow a “discount large cap growth” stock, emphasizing its relative cheapness compared to other large-cap peers. Premium historically given to high-growth software has eroded, leaving NOW trading at lower multiples despite rising fiscal 2028 growth forecasts.

Analysts project a 30 basis point subscription revenue beat for NOW as AI revenue hits $1.2 billion in FY26, exceeding company guidance. Upside potential from early consumption-driven renewals could further boost revenue in the future.

ServiceNow, Inc. (NYSE:NOW) offers a platform integrating workflows, data, and AI for large organizations. While NOW shows promise as an investment, other AI stocks may provide greater upside potential with less downside risk.

For more insights on AI stocks and investment opportunities, explore our free report on the best short-term AI stock. Disclosure: None. Original article published by Insider Monkey.

Read more at Yahoo Finance: Why Bernstein Calls ServiceNow (NOW) a Discount Large-Cap Growth Stock