ServiceNow: Guggenheim upgrades to Buy with a target of 125 USD. AI is not the death sentence, but there are risks!
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Guggenheim turns away from pessimism in the software sector and now recommends buying ServiceNow stock. A steep price decline of 35% opens up a favorable valuation level, according to analysts, with a target price of 125 USD. The investment thesis is based on solid organic growth but deliberately excludes the prevailing AI hype. The surprising turnaround after the "SaaSpocalypse” Sentiment in the software sector has recently been marked by deep uncertainty. The fear of a structural crisis triggered by AI – dramatically labeled...
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