Cloud Computing Giant ServiceNow In Buy Zone After AI News
Shares of ServiceNow Inc. (NYSE:NOW) may be down since the company’s July 26 earnings report, but this isn’t a stock to count out. Key Points S&P component ServiceNow reported impressive Q2 results, beating revenue and earnings expectations.The company announced several new AI initiatives, including partnerships with Nvidia, Accenture and KPMG.The stock has shown steady growth above its 50-day moving average and rallied 23.97% in the past three months.For the full year, the company forecasts subscription revenue growth of 24.5% to 25%, better than analysts’ expectations.5 stocks we like better...