ServiceNow Stock Rises as Goldman Sachs Adds to Conviction List
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy NOW?
Source: Fool
- Stock Recovery: ServiceNow's stock rose nearly 1% on Monday, outperforming the S&P 500's 0.5% gain, indicating growing investor confidence in its future performance.
- Goldman Favor: Goldman Sachs added ServiceNow to its U.S. Conviction List, with analyst Steven Kron expressing optimism about its potential to expand into customer relationship management and human resources sectors.
- Growth Potential: Goldman estimates that ServiceNow could achieve an organic compound annual growth rate of approximately 20% by 2029, reflecting its capability to capture market share in new segments.
- Business Model Advantage: Goldman highlights ServiceNow's significant scalability, which effectively addresses efficiency challenges faced by businesses, suggesting it is likely to succeed when entering new markets.
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Analyst Views on NOW
Wall Street analysts forecast NOW stock price to rise
32 Analyst Rating
30 Buy
2 Hold
0 Sell
Strong Buy
Current: 108.010
Low
172.00
Averages
222.81
High
263.00
Current: 108.010
Low
172.00
Averages
222.81
High
263.00
About NOW
ServiceNow, Inc. provides an artificial intelligence (AI) platform for business transformation. The Company’s AI platform connects people, processes, data, and devices to increase productivity and maximize business outcomes. Its intelligent platform, the Now Platform, is a cloud-based solution that helps enterprises and organizations across public and private sectors digitize workflows. The workflow applications built on the Now Platform are organized into four primary areas: Technology, CRM and Industry, Core Business and Creator. Its products include IT Service Management, IT Operations Management, HR Service Delivery, ServiceNow AI Agents, AI Experience, Build Agent, ServiceNow AI Control Tower, AI Agent Fabric, RaptorDB, Workflow Data Fabric, Workplace Service Delivery, ServiceNow Platform Encryption, Telecommunications Service Operations Management, and others. The Company also offers identity security, helping organizations secure access across the enterprise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Efficiency Boost through Automation: Since 2021, DOCOMO's implementation of Zero-Touch Operation (ZTO) has accelerated fault recovery, and the new solution is expected to further reduce issue resolution times, thereby improving customer satisfaction and trust.
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