ServiceNow, Inc. is ranked among the stocks with the best earnings growth for the next 5 years, according to UBS. The company’s third-quarter earnings report is anticipated, with UBS retaining a Buy rating but decreasing the price target to $1,075 from $1,100.

UBS found ServiceNow’s progress in the third quarter somewhat disappointing, particularly in the adoption of artificial intelligence. The firm noted cautious sentiment in the SaaS and apps industry, calling it “perhaps the worst in years.”

ServiceNow, Inc. is an American software and technology company known for its AI platform that helps businesses digitize, automate, and manage workflows for enterprise operations. Despite its potential as an investment, UBS believes other AI stocks may offer greater upside potential with less downside risk.

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Read more at Yahoo Finance: ServiceNow (NOW) Stock Outlook Steady as UBS Retains Buy Rating