NOW - ServiceNow Is A Generative AI Winner And Compounder
2024-05-13 17:14:39 ET
Summary
- ServiceNow, Inc. has fully earned its generative AI hype and has sustained above-market top-line growth rates.
- The stock has sold off recently but offers an attractive entry point for long-term growth investors.
- ServiceNow continues to work towards ambitious 2026 targets.
- I reiterate my buy rating for this generative AI winner.
Approximately one and half years following the public release of ChatGPT, investors should have some idea about the true beneficiaries of generative AI. Generative AI hype sent many tech stocks soaring in early 2023, but the last several quarters have shown that Wall Street will no longer believe in just hopes and dreams....
ServiceNow Is A Generative AI Winner And Compounder