Prediction: This AI Stock Could Be Much Bigger by 2028

ServiceNow is trading at $135.85 after a pullback that has reset sentiment, and one analysis argues the stock could grow significantly by 2028. The post cites a 12-month price target of $238.73, implying 75.7% upside, and describes the valuation as pressured by acquisition-driven GAAP margin compression while the company’s AI business accelerates. It claims ServiceNow AI passed $1 billion in annual contract value and that the shares trade at 28x forward earnings, with a “gap closing” thesis. Recent results highlighted include Q2 non-GAAP EPS of $0.90 versus $0.86 expected, revenue up 24% to $3.987B, and raised full-year subscription guidance to $15.76B–$15.78B. The bull case references progress toward an end-2026 AI ACV target, higher agentic AI adoption, a 98% renewal rate, and a long-term goal of $30B+ subscription revenue by 2030. Risks noted include GAAP operating income and gross margin declines and downward EPS estimate revisions.