{"id":746362,"date":"2026-06-19T02:56:18","date_gmt":"2026-06-19T02:56:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/746362\/"},"modified":"2026-06-19T02:56:18","modified_gmt":"2026-06-19T02:56:18","slug":"why-is-servicenow-now-the-best-generative-ai-software-stock-to-buy-in-june","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/746362\/","title":{"rendered":"Why is ServiceNow (NOW) the Best Generative AI Software Stock to Buy in June"},"content":{"rendered":"\n

ServiceNow (NYSE:NOW<\/a>) is one of the 8 Best Generative AI Software Stocks to Buy in June 2026<\/a>. Based on 50 analyst ratings compiled by CNN, 90% assigned a Buy rating to ServiceNow, while 8% assigned a Hold rating. The stock has an average price target of $135, a 29.62% upside from the current price of $104.15.<\/p>\n

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On June 15, TheFly reported that Benchmark analyst Yi Fu Lee increased the price target on ServiceNow to $130 from $125 while maintaining a Buy rating on the stock.<\/p>\n

The analyst expressed optimism for the stock following a fireside chat with the company\u2019s Head of Investor Relations and Market Insights, Darren Yip. Lee said he \u201cwalked away feeling bullish on one of the cleanest operating models in the SaaS sector balancing profitable growth.\u201d<\/p>\n

Last week, ServiceNow announced the expansion of its collaboration with IBM, which seeks to unlock enterprise data for AI at scale. The expanded partnership combines IBM\u2019s AI, data, and automation capabilities with the ServiceNow AI Platform to help enterprises break through outdated systems and put their data to work for AI.<\/p>\n

The two companies will deliver joint solutions that modernize aging systems, extend ServiceNow Workflow Data Fabric with IBM\u2019s enterprise data capabilities, and enable autonomous IT operations so the world\u2019s largest enterprises can unlock the transformative value of agentic AI.<\/p>\n

ServiceNow (NYSE:NOW) provides an end-to-end workflow automation platform for digital businesses. The ServiceNow AI Platform integrates with any cloud, any model, and any data source to orchestrate how work flows across the enterprise.<\/p>\n

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 10 Best AI Stocks to Buy in June<\/a>\u00a0and\u00a010 Best Cybersecurity Stocks to Buy According to Short Sellers<\/a>.<\/p>\n

Disclosure: None.\u00a0Follow Insider Monkey on Google News.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"ServiceNow (NYSE:NOW) is one of the 8 Best Generative AI Software Stocks to Buy in June 2026. Based…\n","protected":false},"author":2,"featured_media":746363,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,6305,276,277,49,48,99097,10413,125367,61,267287],"class_list":["post-746362","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-stock","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-enterprise-data","tag-generative-ai","tag-servicenow","tag-technology","tag-yi-fu-lee"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/746362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=746362"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/746362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/746363"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=746362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=746362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=746362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}