Why Morgan Stanley Turned Bullish on ServiceNow (NOW) Despite GenAI Risks
ServiceNow, Inc. (NYSE:NOW) is one of the AI Stocks in the Spotlight This Week. On September 24, Morgan Stanley analyst Keith Weiss upgraded the stock from Equalweight to Overweight with a price target of 1,040.00). The firm upgraded the enterprise software company, citing overblown risks. The analysts noted how ServiceNow has been performing well despite having a volatile backdrop. The company delivered about 20% subscription growth, strong margins, solid cash flow, and also continues to ...