ServiceNow Stock Tops $800 As Generative AI Boosts Backlog

Getty Images On July 25, the Santa Clara, Calif.-based provider of workflow software's stock surpassed that goal — ending the day at about $829. This marks a 21% increase for 2024 and a 73% increase since April 27, 2022 when McDermott told me he thought the company's stock should trade at $800 a share. Strong demand for Now Assist, the company's generative AI offering; A bigger than expected contract backlog; and A standout ability to monetize generative AI internally and for customers. ServiceNow Beats Exp ...