I am continuing to DCA into ServiceNow(NOW.US), even after the stock has already recovered from its earlier weakness. My current position is already in profit, but I still believe the bigger opportunity may be ahead. For me, this is not about chasing a short-term rally. It is about accumulating a high-quality enterprise software company while the market is still debating whether AI will destroy SaaS or make it even more valuable.

Fundamentally, ServiceNow continues to deliver. Q2 2026 subscription revenue grew 24.5% year over year to roughly $3.88 billion, while current remaining performance obligations reached $13.2 billion, up 21%. The company also raised its 2026 subscription revenue outlook to around $15.76–$15.78 billion. That combination of strong recurring revenue, growing contracted business and improving guidance is exactly what I want to see from a long-term compounder.

What makes me even more bullish is the AI angle. I do not see ServiceNow simply as another SaaS company that AI could replace. I see it as a platform that can become the operating layer through which enterprises deploy AI agents across IT, customer service, HR, security and other workflows. The company is already monetising AI, while its huge base of enterprise workflows and proprietary business data gives it an important advantage. Recent market commentary is also increasingly shifting from the idea of AI destroying software toward AI becoming a growth opportunity for established software platforms.

There are obviously risks. AI disruption is real, valuation can remain volatile, and the stock could easily experience another 10–20% pullback. But that is exactly why I prefer DCA instead of putting everything in at once. I want to accumulate during weakness rather than try to predict the perfect bottom.

With my current gain already giving me some cushion, I am looking at the next 12 months rather than the next few weeks. My personal target is to achieve at least a 50% gain over a one-year horizon. That is not a guarantee, but I believe the combination of recurring revenue growth, AI monetisation, enterprise expansion and strong future demand gives NOW a realistic path to significantly higher valuation if execution continues.

For me, the thesis is simple: I would rather keep accumulating a company with strong fundamentals and a growing AI opportunity than chase whatever stock is moving the fastest today.

Are you bullish on ServiceNow for the next 12 months, or do you think AI will eventually become its biggest threat?

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