ServiceNow (NOW) Deepens Its Long-Term Commitment to Canada with CA$110 Million Investment; Analysts Remain Bullish

Investment Commitment - ServiceNow, Inc. announced a CA$110 million investment to enhance AI adoption in Canada's public sector, aiming to fund AI-ready digital infrastructure and create approximately 100 high-skilled jobs [2][3] Strategic Goals - The investment is intended to modernize public services through secure, AI-driven automation, reflecting ServiceNow's growing partnerships with various government entities [3] - Management views this investment as a critical step towards strengthening digital sovereignty and improving government efficiency in an AI-enabled future [3] Analyst Ratings - Barclays analyst Raimo Lenschow reiterated a "Buy" rating for ServiceNow with a price target of $1,225, following the announcement of the acquisition of Veza, a leader in identity security [4] - The acquisition aims to integrate Veza's Access Graph into the ServiceNow AI Platform, enhancing control over permissions and strengthening security operations [4] Company Overview - ServiceNow unifies systems, data, and workflows across enterprises with its AI-powered platform, enabling autonomous operations and secure, end-to-end arrangements of work globally [5]