Despite The Downturn, ServiceNow (NOW) Is Still One Of The Best Cloud Computing Companies To Buy

3 hours ago 1

Jabran Kundi

Thu, May 7, 2026 astatine 7:11 AM CDT 2 min read

ServiceNow Inc. (NYSE:NOW) is 1 of the 8 Best Cloud Computing Stocks To Buy In 2026. On April 19, J.P. Morgan expert Mark Murphy maintained a Buy standing connected ServiceNow Inc. (NYSE:NOW) and acceptable a people terms of $195. The firm’s terms people implies an further 116% upside from here. On a much bearish note, TD Cowen lowered its terms people to $140 from $185 portion maintaining a Buy rating. The firm’s transmission checks amusement increasing trends, accrued usage of AI products, ample woody activity, and extended level reach. The stark quality successful terms targets suggests however uncertain the situation is for bundle stocks astatine the moment.

Despite the uncertainty, determination was 1 affirmative connected the acquisition front. The institution completed the acquisition of Armis connected April 20, concisely causing the banal terms to spell up. Armis supplies cyber vulnerability absorption and information solutions. ServiceNow’s marketplace accidental for information and hazard solutions is expected to summation 3x aft the acquisition. The colony was made for $7.75B successful currency backmost successful December 2025. This builds connected the company’s March acquisition of Veza, an AI individuality information platform, for astir $1 billion. Amit Zavery, who is president, main operating officer, and main merchandise serviceman astatine ServiceNow, remarked:

"Armis gives america real-time, contextual consciousness into the cyber hazard of each connected asset, including the devices and systems that accepted tools were ne'er built to see. Combined with Veza’s individuality intelligence, that awesome flows into ServiceNow’s Context Engine and AI Control Tower, turning vulnerability into automated remediation with governance and a afloat audit way built successful astatine each step."

ServiceNow Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The institution is located successful Santa Clara, California, and was founded successful June 2004 by Frederic B. Luddy.

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.

READ NEXT: 10 Stocks That Will Collapse Because of AI and 10 Best Major Stocks to Buy According to Wall Street Analysts.

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