Added to YB: 2024-05-13
Pitch date: 2024-04-30
NOW [neutral]
ServiceNow, Inc.
-22.21%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
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
$104.5B
Pitch Price
$138.74
Price Target
1.0K (+855%)
Dividend
N/A
EV/EBITDA
32.56
P/E
60.32
EV/Sales
7.09
Sector
Software
Category
growth
ServiceNow's Q1 Results: Evolution Beyond IT, AI Integration, and Market Dynamics
NOW: In-line Q1, 21% cRPO growth, 24.5% subscription rev growth. Diversifying beyond core IT into customer/employee support. Integrating AI to boost productivity. Bull: dominant platform, expanding margins, deserved premium. Bear: reliant on existing accounts, GAAP margins low. 43% 2026 FCF upside.
Read full article (3 min)