ServiceNow Inc (NOW) has seen a 50% drop in the past year amid concerns about its business strategy and potential disruption from AI platforms. However, Wedbush Securities has reinstated the company in its IVES AI 30 Index, expressing confidence in ServiceNow’s future growth potential. Despite recent acquisitions and competition from emerging AI products like Claude, ServiceNow reported strong earnings in the fourth quarter and issued positive guidance for Q1. Analysts remain bullish on NOW stock, with a consensus “Strong Buy” rating and price targets indicating significant potential for growth. ServiceNow appears to be a solid investment opportunity.

Read more at Barchart: Down 50% in the Past Year, Wedbush Wants You to Buy the Dip in This Software Stock