ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer recently discussed. A caller asked for short-term and long-term guidance for the stock. In response, Cramer said:
“Okay, ServiceNow short term is being hurt by a call out of Melius, and that’s by Ben Reitzes, who was saying that these software as a service companies are going to be under pressure because their seat models can be hurt by AI. I think, longer term, ServiceNow has really good AI, and it would not be a stock that I would want to bet against. So, ServiceNow, longer term, I think is fine. Shorter term, I think it’s going to be under pressure.”
Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels
ServiceNow, Inc. (NYSE:NOW) provides cloud-based workflow solutions through its AI-powered Now Platform. The company offers tools for automation, analytics, app development, and service management. Cramer discussed the company stock in a June episode as he stated:
“Alright, ServiceNow. Well, we love ServiceNow, okay? ServiceNow is, you know, we’ve got corporate software that also is AI, okay. It’s enterprise software with AI.”
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’re 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.
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Disclosure: None. This article is originally published at Insider Monkey.
