ServiceNow, Inc. (NYSE:NOW) is among the top 10 tech stocks to invest in. Stifel Nicolaus reiterates Buy rating on the stock, maintaining a price target of $1,200 on August 25.

Brad Reback from Stifel confirms NOW’s strong performance, with 21.5% cRPO growth in Q2 FY2025, reaching $10.92 billion. The company closed 89 deals over $1 million in net new ACV.

ServiceNow projects subscription revenue between $3.26 billion and $3.265 billion for Q3 FY2025, showing 20% to 20.5% YoY growth. Full year 2025 subscription revenue raised to $12.775 billion to $12.795 billion, reflecting a 20% growth from last year.

ServiceNow provides an AI platform for business transformation, connecting people, processes, devices, and data to boost productivity and business outcomes. If seeking undervalued AI stocks with potential growth, consider other options besides NOW.

Read more at Yahoo Finance: Stifel Nicolaus Reiterates Buy Rating on ServiceNow Stock, Keeps PT at $1,200