Jefferies Names ServiceNow (NOW) AI Growth Winner, Reaffirms Buy

Core Viewpoint - ServiceNow, Inc. (NYSE:NOW) is identified as a leading AI stock with strong growth potential, despite facing some challenges in 2025 [1][2]. Group 1: Company Performance and Growth - Jefferies analysts have recognized ServiceNow as a company that is effectively leveraging AI for business growth, highlighting its readiness to recover from potential slowdowns [2][3]. - The anticipated return to strong growth is expected to be driven by a mature set of AI tools, new product launches, stable spending from the US federal government, and effective management [2][3]. Group 2: Market Reactions and Analyst Opinions - Stifel has adjusted its price target for ServiceNow from $1,150 to $230, attributing this change to a technical adjustment related to a stock split, while maintaining their overall outlook for the company [4]. - The EPS estimates were updated to reflect the new share count post-split, indicating that the underlying fundamentals of the company remain unchanged [4]. Group 3: Company Overview - ServiceNow is a software company specializing in digital workflow and enterprise automation solutions, integrating generative AI to enhance productivity and improve user experiences [5].