ServiceNow Inc. (NYSE:NOW) is one of the Best US AI Stocks to Buy Now. On May 5, KeyBanc reiterated its underweight rating on ServiceNow and set an $85 price target on the stock following the company’s financial analyst day, according to a report from Investing.com.
On May 4, ServiceNow held its Financial Analyst Day, where CEO Bill McDermott announced a target of $30 billion in subscription revenue by 2030. Keybanc highlighted that this represents a compound annual growth rate of 17.5% from 2027 to 2030 based on the midpoint of 2026 guidance.
Additionally, the company aims to operate on a 60+ rule by 2030, a benchmark at which its revenue growth rate plus its profit margin equals 60+.
KeyBanc said it views both goals as positive, noting that they strike the right balance between aspirational and achievable.
According to 49 analyst ratings compiled by CNN, 90 percent of analysts rate ServiceNow a Buy, with an average price target of $140, representing a 52.16% upside over the current price of $92.01.
Meanwhile, ServiceNow announced the expansion of its partnership with NVIDIA to extend agent AI governance from desktops to data centers. The collaboration also introduces Project Arc, a new enterprise autonomous desktop agent, protected by the NVIDIA OpenShell runtime and governed by ServiceNow AI Control Tower, that will run on employees’ desktops and complete complex jobs autonomously.
Additionally, ServiceNow said its AI Control Tower is now included in the NVIDIA Enterprise AI Factory-validated design, extending enterprise governance to large-scale modeling workloads.
ServiceNow (NYSE:NOW) provides an end-to-end workflow automation platform for digital businesses. ServiceNow AI Platform integrates with any cloud, any model, and any data source to orchestrate how work flows across the enterprise.
While we recognize NOW’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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