ServiceNow, Inc. (NYSE:NOW) is featured in Mad Money’s latest recap as Jim Cramer shared his buy, sell, or hold verdict. Answering a caller’s query about the stock during the episode, Cramer said:
Okay, now what we’re dealing with here is stock sells at 26 times earnings. That’s incredibly cheap for a great growth stock. But we all know that there is turmoil when it comes to these, you know, software as a service stocks are so bearish. It’s so painful for me to say this, but as much as I respect Bill McDermott, I think the stock’s going to be in for a little bit more turbulence than it already has been because that particular SaaS business model is disliked intensely right now on Wall Street.
ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products. A caller asked about the stock during the March 16 episode, and Cramer responded:
Well, I have to tell you, I’m never going to bet against Bill McDermott, certainly not down here. But I don’t know if it’s long-term, but I do think that the company represents actual value at these prices.
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