Summary:
- ServiceNow (NOW, Financial) partners with Nvidia to boost AI decision-making with the new Apriel Nemotron 15B model.
- ServiceNow's stock sees a slight dip amid this collaboration news.
- Analysts project a potential upside for ServiceNow shares, with high and low price targets ranging from $1,300.00 to $724.00.
ServiceNow (NOW) has intensified its partnership with Nvidia, introducing the Apriel Nemotron 15B, a cutting-edge reasoning model aimed at enhancing AI decision-making capabilities. This strategic integration of Nvidia's NeMo microservices is poised to bolster data processing efficiency within ServiceNow's existing systems. Despite this promising development, ServiceNow's shares experienced a slight 1% decline during Tuesday's midday trading.
Wall Street Analysts Forecast
According to forecasts from 40 analysts, the average one-year price target for ServiceNow Inc (NOW, Financial) stands at $1,057.59, with estimates ranging from a high of $1,300.00 to a low of $724.00. This average target suggests a potential upside of 9.01% from the current market price of $970.15. Investors can explore more detailed estimate data on the ServiceNow Inc (NOW) Forecast page.
The consensus recommendation from 47 brokerage firms places ServiceNow Inc's (NOW, Financial) average brokerage recommendation at 1.9, labeling the stock as "Outperform." This recommendation scale ranges from 1, indicating a Strong Buy, to 5, indicating a Sell.
Based on GuruFocus estimates, the projected GF Value for ServiceNow Inc (NOW, Financial) in the coming year is $1054.24, which suggests an 8.67% upside from its current trading price of $970.15. The GF Value represents GuruFocus' estimate of the stock's fair value, calculated using historical trading multiples, past business growth, and future performance projections. Investors can find more detailed data on the ServiceNow Inc (NOW) Summary page.
