Jim Cramer on ServiceNow: “It Can Go Higher”
Jim Cramer discussed ServiceNow (NYSE: NOW), noting its recent bounce in software stocks despite being a "chronic underperformer" that is still down 42% for the year. He highlighted an expanded buyback and the CEO's stock purchase, suggesting it "can go higher." However, Cramer also cautioned about the current market's merciless view on disruptable SaaS business models, acknowledging turbulence for the stock despite its cheap valuation at 26 times earnings for a growth stock.
https://uk.finance.yahoo.com/news/jim-cramer-servicenow-higher-070245187.html