Added to YB: 2026-05-19
Pitch date: 2026-05-16
NOW [bullish]
ServiceNow, Inc.
-7.54%
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
$98.0B
Pitch Price
$110.14
Price Target
170.00 (+67%)
Dividend
N/A
EV/EBITDA
30.44
P/E
56.60
EV/Sales
6.63
Sector
Software
Category
growth
ServiceNow – One SaaS Stock That Gets Better as AI Gets Bigger
NOW: Down 54% YTD despite strong fundamentals. Q1 rev $3.77B (+19% cc), beat by $20M; 97% retention; RPO +24% signals no AI disruption. AI monetization accelerating: Now Assist on track for $1.5B (vs $1B prior), customers renewing expand 3x. Mgmt guides $30B+ rev by 2030 (20% CAGR), Rule of 60+ on usage-based pricing as agentic AI adoption expands TAM 5x. Positioned as orchestration layer coordinating AI agents across enterprise workflows, not being disrupted. Trading 23x 2026E EPS, 18x FCF—lowest valuation ever for 20%+ grower w/ best-in-class margins. SBC remains elevated (~15% rev) but mgmt targets sub-10% by 2029. 2029 PT $170 (~17% CAGR). Buy below $100.
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