In its first-quarter 2026 investor letter, Burke Wealth Management highlighted stocks like ServiceNow, Inc. (NYSE:NOW).
ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides a platform for automating and managing digital workflows
On June 23, 2026, ServiceNow, Inc. (NYSE:NOW) closed at $95.94 per share. One-month return of ServiceNow, Inc. (NYSE:NOW) was -6.05%, and its shares lost 52.28% over the past 52 weeks. ServiceNow, Inc. (NYSE:NOW) has a market capitalization of $98.94 billion.
Burke Wealth Management stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its Q1 2026 investor letter: “ServiceNow, Inc. (NYSE:NOW): As a sector, enterprise software stocks peaked at the end of 2024, had a terrible 2025 and an even worse start to 2026. There has been very little distinction between single solution product companies and platform companies that orchestrate workflows across an entire enterprise. Valuations are at 10-year lows, and the prevailing viewpoint is that AI is going to obviate the need for legacy enterprise software subscriptions either by replacing existing software with vibe-coded solutions or by destroying the per seat business model that these companies were built on by eliminating the seats (human employees).