Up 60% from the low in late 2024 and 200% since 2022, ServiceNow’s (NYSE: NOW) stock price has at least another 20% to run. The growth is slowing in 2024 but still strong in the low 20% range and is expected to stay that way for the next three to five years, providing ample cash flow to drive shareholder value.
The takeaway from analysts' chatter is that this company has enormous growth potential at scale and an industry-leading ability to monetize AI by driving adoption. The adoption of AI services is in its earliest phases and gaining momentum due to expanding use cases and penetration. It is a trend that has decades to play out. ServiceNow is well-positioned to benefit from that trend because its end-to-end solutions are adaptable across industry verticals.
