ServiceNow, Inc. (NOW): A Bull Case Theory

We came crossed a bullish thesis connected ServiceNow, Inc. connected Compounding Your Wealth’s Substack by Sergey. In this article, we volition summarize the bulls’ thesis connected NOW. ServiceNow, Inc.'s stock was trading astatine $822.07 arsenic of December 1st. NOW’s trailing and guardant P/E were 98.24 and 39.53 respectively according to Yahoo Finance.

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ServiceNow (NOW) has established itself arsenic a starring AI level for endeavor transformation, demonstrating robust execution successful Q2 2025 with 22.5% gross maturation driven by beardown adoption of workflow AI and the Now Assist and Pro Plus offerings. The institution closed 21 ample deals with 5 oregon much Now Assist products, portion AI Pro Plus usage crossed ITSM, CSM, and HR roseate implicit 50% sequentially, appearing successful 18 of the apical 20 deals.

Workflow Data Fabric featured successful 17 of these, reflecting heavy endeavor integration. Its AI Control Tower for cause orchestration exceeded full-year nett caller ACV targets wrong conscionable 60 days, underscoring beardown aboriginal traction. Major clients specified arsenic Adobe, Aptiv, Visa, EY, ExxonMobil, and Standard Chartered are leveraging ServiceNow’s AI capabilities to compress rhythm times and heighten work delivery. The Zurich level and AI Experience, introduced successful October 2025, unify multi-agent development, enterprise-grade security, and autonomous workflow absorption successful a azygous interface.

New capabilities—Voice and Web Agents for task automation, Data Explorer for natural-language insights, and AI Lens for intelligent information capture—broaden the platform’s reach. ServiceNow’s heavy workflow roots, merchandise breadth, and strategical partnerships with Microsoft and NVIDIA reenforce its competitory flywheel and ecosystem strength.

As AI becomes embedded crossed lawsuit workflows, the absorption present shifts to sustaining charismatic portion economics from AI add-ons and driving enlargement wrong its existing endeavor base. With maturation successful the 19–24% range, ServiceNow remains well-positioned arsenic enterprises modulation toward an “agentic operating system.”

Previously we covered a bullish thesis connected ServiceNow, Inc. (NOW) by Compounding Your Wealth successful April 2025, which highlighted its dominance successful endeavor workflow automation and beardown fiscal discipline. The company’s banal terms has appreciated astir by 4.63% since our coverage. This is due to the fact that the AI-led maturation thesis played out. The thesis inactive stands arsenic ServiceNow expands AI-driven workflow integration. Sergey shares an identical presumption but emphasizes accelerating AI monetization and merchandise traction.