Why Goldman Sachs Is Betting on ServiceNow, Inc. (NOW)’s Long-Term Growth

Group 1 - ServiceNow, Inc. (NYSE:NOW) is recognized as a promising growth stock, with Goldman Sachs initiating coverage with a 'Buy' rating and a price target of $205, indicating an upside potential of approximately 44% [1] - Analysts forecast that ServiceNow will maintain an organic compound annual growth rate of 20% through 2029, driven by its expansion into Customer Relationship Management, Enterprise Resource Planning, and Human Capital Management [2] - The company is positioned to lead the agent orchestration market, with AI adoption expected to positively impact the software total addressable market over the next decade [1][2] Group 2 - ServiceNow's CEO, Bill McDermott, is noted for successfully driving the business, and the company's interest in mergers and acquisitions enhances its position in the Security space [3] - Approximately 92% of analysts covering ServiceNow recommend it as a 'Buy', and the stock's recent decline to $142.64 presents a potential investment opportunity given its long-term prospects [3] - ServiceNow provides cloud-based solutions for digital workflows, operating the Now platform and offering a variety of products, including customer service management and field service management applications [4]