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UBS: ServiceNow’s (NOW) Core Business Solid, AI Adoption Disappoints Slightly

ServiceNow, Inc. (NYSE:NOW) is one of the AI Stocks Analysts Are Watching Closely. On October 14, UBS lowered its price target on the stock to 1,075.00from1,075.00 from 1,100.00 while maintaining a Buy rating. The rating comes ahead of the company’s third-quarter earnings report. UBS conducted partner and customer checks to assess ServiceNow’s momentum in 3Q. The firm noted how checks reveal fine/ solid core business performance, which is why it is poised for a normal beat. One drawback is that feedback on AI adop ...