Analysts Stay Bullish on ServiceNow (NOW) Amid Armis Acquisition Talks

ServiceNow, Inc. (NYSE:NOW) is 1 of the 14 Best Large Cap Stocks to Invest In Now. On December 16, Citizens reiterated its Market Outperform standing connected ServiceNow, Inc. (NYSE:NOW) with a terms people of $1,300.

This determination came aft a Bloomberg study that said ServiceNow, Inc. (NYSE:NOW) is successful discussions to get cybersecurity startup Armis for astir $7 billion. This would marque it the company’s biggest acquisition. On December 15, ServiceNow, Inc. (NYSE:NOW) conscionable completed its acquisition of Moveworks for $2.85 billion, which is its largest acquisition until now.

On December 17, Bernstein SocGen Group besides reaffirmed its Outperform standing connected ServiceNow, Inc. (NYSE:NOW) and kept the terms people astatine $1,093. The banal terms declined aft the Armis acquisition news. However, Bernstein SocGen defended the imaginable woody and besides highlighted that the marketplace is undervaluing ServiceNow, Inc. (NYSE:NOW).

The probe steadfast pointed retired ServiceNow, Inc.’s (NYSE:NOW) terms comparative to its 3-year guardant escaped currency flow, excluding stock-based compensation, against the maturation rate. Bernstein SocGen noted that it trades beneath different large-cap exertion bundle companies deed by AI narratives.

Additionally, the probe steadfast does not expect the institution to chopped its integrated maturation guidance. ServiceNow, Inc.’s (NYSE:NOW) absorption precocious stressed rising request and Bernstein SocGen’s caller transmission checks besides enactment this affirmative outlook.

ServiceNow, Inc. (NYSE:NOW) is an American bundle and exertion company. It provides an AI level that helps organizations digitize, automate, and negociate workflows for endeavor operations.

While we admit the imaginable of NOW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.