ServiceNow stock has been called a top software pick at Macquarie

Macquarie analyst Sarah Hindlian-Bowler called ServiceNow Inc.’s stock. NOW,
-6.25%
his top choice in software as he took over the coverage of several names in the sector. “One of the biggest and most underappreciated field actions we’ve seen working with ServiceNow and ServiceNow deployments has been the phenomenal growth the company has seen moving from its IT cornerstone, where the company has a leading brand, to to becoming an enterprise-wide C- Suite tool similar to Salesforce today,” he wrote. Hindlian-Bowler said Chief Executive Bill McDermott’s “industry connections, expertise and power are helping to elevate the company and allow it to expand its workflows into new areas of the enterprise beyond IT.” Macquarie also has outperform ratings on shares of nCino Inc. NCNO,
-6.88%,
Salesforce Inc. CRM,
-6.17%,
and HubSpot Inc. HUBS,
-9.25%.

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