ServiceNow Stock Outlook: Is Wall Street Bullish or Bearish?

ServiceNow, Inc. (NOW), with a market capitalization of approximately $128.2 billion, is an enterprise software company that provides an AI-powered platform connecting data, workflows, and systems. The Santa Clara, California-based company’s solutions automate and streamline IT, HR, customer service, security, finance, and other business processes, improving productivity and operational efficiency.

Shares of the enterprise software giant have considerably underperformed the broader market over the past year. NOW has declined 32.1% over this period, while the broader S&P 500 Index ($SPX) has rallied 20.1%. On a year-to-date basis, NOW has continued to underperform, plunging 23.2% compared with the index’s 13.1% gain over the same period.