Analyst Says ServiceNow (NYSE:NOW) a Top AI Pick Amid Key Enterprise Partnerships

ServiceNow (NYSE:NOW) has emerged as a leading player in the AI market, thanks to its strategic partnerships with key enterprise players. These collaborations enable ServiceNow to offer more advanced AI-driven solutions to its clients, contributing to its revenue growth and market expansion. Moreover, these partnerships help ServiceNow maintain its competitive advantage in the AI market by enhancing its AI capabilities and product offerings.

The partnerships with Capital One Securities, Baird, BNP Paribas Exane, UBS, Citigroup, BMO Capital, HSBC, Bernstein, Morgan Stanley, Piper Sandler, Canaccord Genuity, Wells Fargo Securities, Mizuho Securities, Guggenheim, KeyBanc Capital Markets, Stifel Nicolaus, Deutsche Bank Securities, Oppenheimer, Goldman Sachs, Barclays, Evercore ISI, JPMorgan Chase, RBC Capital Markets, Truist Securities, JMP Securities, Needham & Co., BofA Securities, Macquarie, FBN Securities, MoffettNathanson Research, TD Cowen, Wolfe Research, Morningstar, Jefferies & Co., DA Davidson, Credit Suisse, Cowen, Argus, Summit Insights Group, DZ Bank, Raymond James, J.P. Morgan Chase, and other enterprise players have opened up new revenue streams and cost synergies for ServiceNow. These partnerships have also influenced ServiceNow's competitive position in the AI market, making it a top pick for investors.

Analysts have praised ServiceNow's strategic partnerships, with many reiterating their buy ratings and setting price targets. For instance, Needham recently reiterated their buy rating and set a price target of $900, expecting NOW to rise to within 12 months (a possible 23.78% upside). This positive sentiment is reflected in the consensus price target of $750, established from looking at the 100 latest analyst ratings.

In conclusion, ServiceNow's key enterprise partnerships have enabled it to offer more advanced AI-driven solutions, contribute to its revenue growth and market expansion, and maintain its competitive advantage in the AI market. With analysts reiterating their buy ratings and setting price targets, ServiceNow is a top AI pick for investors.