Oppenheimer Reaffirms Bullish Outlook on ServiceNow (NOW) Amid AI Growth and Cog

ServiceNow Inc. (NYSE:NOW) ranks among the best set-it-and-forget-it stocks to buy right now. Following a discussion with ServiceNow Inc. (NYSE:NOW) management, Oppenheimer reiterated its Outperform rating and $130 price target for ServiceNow on June 10. The conversation left the firm slightly optimistic about ServiceNow's second-half 2026 prospects and the likelihood of business reacceleration in the year to come.

The firm believes ServiceNow Inc. (NYSE:NOW) has strong fiscal year 2030 financial targets, with the company appearing to be on track for a 10%+ AI business by 2026, with a subscription revenue gross margin floor projection.

Furthermore, on June 4, Cognizant Technology announced the integration of its Neuro AI Trust platform with ServiceNow Inc. (NYSE:NOW), which will provide companies with comprehensive AI governance and monitoring tools across AI platforms.

The integration creates what the companies refer to as a unified ecosystem for handling AI governance across the AI lifecycle by combining ServiceNow's AI Control Tower with Cognizant's AI assurance platform.

ServiceNow Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/oppenheimer-reaffirms-bullish-outlook-servicenow-111106946.html)