Is NOW a good stock to buy?
We came across a bullish thesis on ServiceNow, Inc. on Growth Curve Investing’s Substack
In this article, we will summarize the bulls’ thesis on NOW. ServiceNow, Inc.’s share was trading at $114.19 as of June 8th. NOW’s trailing and forward P/E were 71.05 and 28.49 respectively according to Yahoo Finance.
Copyright: welcomia / 123RF Stock Photo ServiceNow, Inc. (NOW) is positioned as a leading enterprise workflow and AI automation platform that has become deeply embedded in the operating infrastructure of large global enterprises. Originally built as an IT service management platform, the company has expanded into HR, customer service, security operations, financial workflows, and AI-driven automation, now processing roughly 85 billion workflows and nearly 7 trillion transactions globally. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential Despite its strong positioning, the stock declined more than 50% from its peak amid fears that generative AI and large language models could disrupt the business. However, the thesis argues that these concerns are overstated because ServiceNow’s core advantage lies not in providing AI answers, but in executing enterprise workflows and automating actions across integrated systems.