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Jim Cramer on ServiceNow (NOW): “I Do Think That the Company Represents Actual Value at These Prices”
Jim Cramer commented on ServiceNow (NOW), stating that he believes the company offers “actual value at these prices.” He highlighted ServiceNow’s role in digital workflows through AI and automation, its expected 19% earnings growth, and a recent $2 billion accelerated buyback. Cramer also noted that despite a current price-to-earnings ratio of 24 times this year’s numbers, it’s significantly down from 70 times forward earnings in late 2024.