BUZZ-ServiceNow up; BofA reinstates with 'buy'

Bank of America Corp
ServiceNow, Inc.

Bank of America Corp

BAC

0.00

ServiceNow, Inc.

NOW

0.00

** Enterprise software firm ServiceNow's NOW.N shares rise 8.6% to $103.28

** BofA Global Research reinstates coverage with "buy" rating; sets price objective at $130, implying 36.7% upside to stock's last close

** "We do not believe enterprises can "rip out" ServiceNow, as the platform is too entrenched across large workflows, yet AI could potentially replace some of this work, " brokerage says

** Says if co executes AI strategy well, "it could emerge as a beneficiary of agentic AI by becoming the enterprise control plane that enables companies to deploy agents in a governed, secure, and auditable manner"

** Average rating of 50 analysts is "buy;" their median PT is $137.50 - data compiled by LSEG

** Stock has fallen 32.6% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.