Added to YB: 2026-07-15
Pitch date: 2026-07-14
NOW [bullish]
ServiceNow, Inc.
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
$114.7B
Pitch Price
N/A
Price Target
321.00 (+206%)
Dividend
N/A
EV/EBITDA
35.93
P/E
66.23
EV/Sales
7.83
Sector
Software
Category
growth
Fading the SaaSpocalypse: ServiceNow ($NOW) vs. Salesforce ($CRM)
NOW (new position): Initiated 15% weight at $107 avg, fading SaaSpocalypse. NOW is 'AI control tower' toll booth—gets paid regardless of which agent wins. Base case $35B 2030 rev (18-19% CAGR), ~30% net margin, 35x = $239 PV (+125%). TD Cowen survey: Horizontal AI adoption to inflect (only 15% now, 51% intend upgrade, 3x+ ROI). Also long CRM ~10% as cheap optionality on Agentforce turnaround (base +174%), but weaker channel checks (KeyBanc downgrade).
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