Added to YB: 2026-03-26
Pitch date: 2026-01-29
NOW [bullish]
ServiceNow, Inc.
-12.32%
current return
Author Info
No bio for this author
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
$116.1B
Pitch Price
$117.54
Price Target
N/A
Dividend
N/A
EV/EBITDA
37.57
P/E
66.44
EV/Sales
8.16
Sector
Software
Category
growth
ServiceNow, Inc. - $NOW
NOW: 5yr IRR 21-29% at 25-30x exit, 16-25% at 20-25x. Trades 24.9x TTM FCF. Down 38% while FCF/share +35% since late '24 on AI-native SaaS disruption fears. McDermott rebuts: AI needs workflows for governance; ServiceNow is semantic layer/control tower for agentic AI. MAUs +25%, Now Assist ACV >$600M (+2x YoY), workflows +33%, transactions +33%. $7.75B Armis deal bridges IT-OT gap for cyber-physical security. Incumbents own data moat, compliance risk, enterprise trust vs startups. FY26 guide: 20% sub rev growth, 36% FCF margin (up from 34.5% TTM). Platform lock-in via AI trained on proprietary customer data. $2B ASR announced. Risk: multiple compression if sector rotation persists.
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