ServiceNow (NOW) remains a BUY as AI adoption accelerates, driving both revenue growth and profitability beyond seat-based models. NOW's hybrid pricing—combining seat- and usage-based models—enables upselling and breaks the traditional revenue floor, with 50% of new deals now non-seat-based. AI business momentum is strong: Now Assist spending over $1M grew 130% YoY, and full-year 2026 revenue guidance was raised to $15.7B (+21% YoY).