ServiceNow, Inc.\u00a0(NYSE:NOW) is among the <\/span>14 Best Cloud Computing Stocks to Buy Right Now<\/strong>.<\/span><\/p>\n On February 9, Mike Cikos, an analyst from Needham, maintained a \u201cBuy\u201d rating on the company\u2019s stock, setting a price objective of $155.00. The analyst highlighted the factors supporting ServiceNow, Inc. (NYSE:NOW)\u2019s robust growth. The customer adoption of ServiceNow, Inc. (NYSE:NOW)\u2019s Pro Plus modules, primarily the Now Assist capabilities, remains healthy as a large US financial services client showcased the tangible benefits, clear use cases, etc.<\/p>\n Additionally, the analyst hinted at ServiceNow, Inc.\u00a0(NYSE:NOW)\u2019s operating metrics, which continue to exhibit strong momentum in the overall business. Notably, the annual contract value associated with Now Assist surpassed $600 million. This reflects robust demand for AI-driven offerings.<\/p>\n In a separate update, on February 5, Truist reduced its price objective on the company\u2019s stock to $175 from $240, while keeping a \u201cBuy\u201d rating. The analyst believes that the broad-based sectoral decline was mainly due to the concerns associated with the terminal value instead of the near-term fundamentals.<\/p>\n ServiceNow, Inc.\u00a0(NYSE:NOW) is engaged in offering cloud-based solutions for digital workflows.<\/p>\n While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you\u2019re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/u><\/b>.<\/p>\n<\/div>\n<\/div>