ServiceNow (NOW) Stock in Focus as Oppenheimer Reaffirms $1,150 Target

Core Insights - ServiceNow, Inc. is recognized as a trending AI stock on Wall Street, with Oppenheimer analyst Brian Schwartz maintaining an Outperform rating and a price target of $1,150.00 [1] - Conversations with a significant ServiceNow partner indicate strong business activity and pipeline momentum in Q3, reflecting robust operational performance [2] - Despite slower customer relationship management (CRM) traction compared to Salesforce, ServiceNow is gaining momentum by integrating logic, workflows, and AI automation into its platform [3] - Oppenheimer notes that while demand for artificial intelligence is beginning to slow, ServiceNow retains a strong position and pricing power in the AI sector, positioning the company for durable growth as a leading enterprise integration engine [4] Business Performance - The partner's strong business activity and pipeline momentum in Q3 suggest positive operational performance for ServiceNow [2] - The company is actively migrating its logic and workflows to enhance its AI capabilities, which is expected to improve its competitive stance against Salesforce [3] Market Position - ServiceNow is well-positioned for sustainable growth in the enterprise software market, particularly as a cloud-based platform for automating business workflows [4]