Down 50% in the Past Year, Wedbush Wants You to Buy the Dip in This Software Stock

Software company ServiceNow (NOW) has had a rough 12 months, down nearly 50%. The company’s business strategy has come under fire as it expanded through a series of acquisitions, and analysts began questioning whether some of the company’s core services would be disrupted by emerging artificial intelligence (AI) platforms. 

Dan Ives and Wedbush Securities are breathing some new life into the enterprise software company, however. Wedbush recently announced that it was reinstating ServiceNow to its IVES AI 30 Index, a grouping of stocks that makes up the Dan Ives Wedbush AI Revolution ETF (IVES).