ServiceNow: An Excellent Business Trading at a Discount
ServiceNow is doing everything right, and its stock price should begin to reflect that fact.
Overview
ServiceNow (NYSE: NOW) regularly racks up 20%-plus yearly revenue growth and attractive margins. It has won praise from Nvidia CEO Jensen Huang, who called ServiceNow the "enterprise operating system" for artificial intelligence (AI). Huang also regularly speaks at ServiceNow's annual events, showing how much he believes in the company.
The Nvidia endorsement is huge, and it's backed by real fundamentals. Even with those tailwinds, the growth stock is down by roughly 35% year to date, but it likely won't remain that way for long.
Image source: Getty Images.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.