ServiceNow's AI-Powered Platform Boosts Cash Flow Amid Trade Uncertainty

ServiceNow Backed by AI, Strong Cash Flow Despite Tariff Uncertainty: Analyst

ServiceNow Inc (NYSE: NOW) is a "strong buy" with a price target of $245, according to a recent analyst note. The company's strong cash flow and adoption of artificial intelligence (AI) are key drivers of its positive outlook.

The analyst noted that despite ongoing tariff uncertainty, ServiceNow's strong cash flow and ability to invest in its business will continue to drive growth. The company's AI-powered platform is also a key differentiator, allowing it to better compete with larger rivals.

ServiceNow's cash flow has been strong, with the company generating $1.1 billion in operating cash flow in the first nine months of 2022. This has allowed the company to invest in its business, including the development of its AI-powered platform.

The analyst believes that ServiceNow's strong cash flow and AI-powered platform will continue to drive growth, despite the ongoing tariff uncertainty. The company's strong track record of execution and ability to invest in its business are also key drivers of its positive outlook.

Overall, ServiceNow is a "strong buy" with a price target of $245, according to the analyst. The company's strong cash flow, AI-powered platform, and ability to invest in its business make it a compelling investment opportunity.