NOW: AI Platform Powers 16% Software Rally
ServiceNow (NYSE: NOW) has staged a sharp 16% rebound over the past month, outpacing the broader software sector as investors rotate back into enterprise AI plays. At $122.63 per share, the stock still trades 42% below its 52-week high of $211.48, leaving a significant gap that bulls argue represents a compelling entry point for one of the highest-quality SaaS franchises in the market. The company closed fiscal 2025 with $13.28 billion in revenue, up 15.5% year-over-year, powered by its expanding Now Platform and aggressive push into AI-driven workflow automation. With a $128.3 billion market cap, ServiceNow remains the dominant force in IT service management (ITSM) and is rapidly extending into customer service, HR, and security operations. The stock's recovery comes amid growing analyst conviction that enterprise AI spending is accelerating rather than decelerating, despite macro headwinds. Next earnings arrive on April 22, 2026, making this a critical window for investors to assess whether ServiceNow's premium valuation is justified by its growth trajectory and AI monetization runway.