NOW

ServiceNow reported earnings of $4.09 per share for the latest quarter, surpassing analysts' estimates of $3.57 per share. This marked a significant year-over-year revenue increase of 22.4% to $3.22 billion, highlighting the company's robust growth trajectory.

There has been a significant increase in holdings by institutional investors, including Goldman Sachs, which boosted its stake by 131.4% in the first quarter. Other notable investors like Guggenheim Capital LLC and B. Metzler seel. Sohn & Co. AG have also increased their positions, demonstrating confidence in ServiceNow's future prospects.

ServiceNow has received favorable ratings from analysts, with upgrades from firms such as JMP Securities, UBS Group, and DA Davidson, which have boosted the stock's credibility and attractiveness to investors.

ServiceNow's ongoing AI strategy and its neutral platform-of-platforms architecture are gaining traction, with significant uplift in deal size and adoption. The company's AI capabilities represent a generational growth opportunity, supported by its expanding margins and fortress balance sheet.