Goldman Sachs Likes ServiceNow’s (NOW) “Robust Expansion Opportunities in New Domains”

ServiceNow Inc. (NYSE:NOW) is 1 of the 11 Best Beaten Down Growth Stocks to Buy Now.

On February 2, Goldman Sachs added ServiceNow to its US Conviction List, citing its content that the institution tin turn 20% YoY organically done 2029, fixed its “still robust enlargement opportunities successful caller domains.” The steadfast presently has a Buy telephone connected the shares, with a people terms of $216.

This summation to the US Conviction List came aft ServiceNow released its Q4-2025 results past January 28. Their net briefing showed gross metrics increasing astatine implicit 20% crossed the board. Total gross grew 20.5% YoY to $3.6 cardinal (from $3.0 billion), subscription gross grew 21.0% YoY to $3.5 cardinal (from $2.9 billion), existent remaining show obligations grew 25.0% YoY to $12.9 cardinal (from $10.3 billion), and remaining show obligations grew 26.5% YoY to $28.2 cardinal (from $22.3 billion).

For 2026, ServiceNow’s absorption expects to turn subscription gross by 20.5%-21.0%. This maturation volition chiefly beryllium driven by manufacture enlargement done strategical partnerships. On January 28, ServiceNow announced 2 strategical partnerships. The archetypal is with Fiserv, nether which Fiserv volition grow its usage of an AI-embedded ServiceNow Assist for fiscal services operations (FSO) and accusation exertion work absorption (ITSM). The 2nd is with Panasonic Avionics Corporation, wherein Panasonic volition usage ServiceNow’s AI-driven lawsuit narration absorption software.

In summation to integrated growth, ServiceNow has 2 acquisitions successful the pipeline, successful summation to the Moveworks acquisition, which closed connected December 15. The archetypal is Armis, which volition let ServiceNow to grow its beingness successful the AI cybersecurity space. The 2nd is Veza, which volition heighten ServiceNow’s AI-driven workflow capabilities. Both deals are expected to adjacent successful the archetypal fractional of 2026.

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 ServiceNow Inc. (NYSE: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.