Added to YB: 2026-02-25
Pitch date: 2026-02-21
NOW [bullish]
ServiceNow, Inc.
-11.9%
current return
Author Info
HatedMoats identifies hated moats. I buy companies when the market panics. Contrarian investor focused on quality, value & long-term growth. Sign up for the newsletter.
Company Info
ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
Market Cap
$106.7B
Pitch Price
$101.94
Price Target
199.00 (+104%)
Dividend
N/A
EV/EBITDA
34.33
P/E
61.08
EV/Sales
7.46
Sector
Software
Category
value
ServiceNow: DCF Valuation
NOW: DCF model shows 35% margin of safety at $104 vs $160 base intrinsic value (53% upside). FY26 20.5% revenue growth fading to 4.5% by FY35, GAAP op margins expanding 15%→22.5%. RPO +27% YoY signals visibility. Bull case $199 (91% upside) on AI workflow proliferation. Risk: seat compression, M&A dilution, duration sensitivity.
Read full article (7 min)