ServiceNow’s stock surged 13.8% this week after a strong Q2 earnings report and an upgraded full-year forecast, fueled by 23% YoY subscription revenue growth and ambitious AI-driven expansion plans targeting $30B in revenue by 2030 — despite still being down 40% year-to-date. Investors are betting on AI integration to unlock renewed growth, while its low price-to-sales ratio adds appeal — though some analysts remain cautious, leaving it off their top picks. The market’s rebound signals a potential re-rating, but execution will be key.
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