
ServiceNow (NOW) Stock Forecast & Price Target
ServiceNow (NOW) Analyst Ratings
Bulls say
ServiceNow has demonstrated robust financial performance, achieving a 20.5% year-over-year growth in both total revenue and subscription revenue, exceeding guidance expectations in both areas. The company’s calculated committed remaining performance obligations (cRPO) reached $11.35 billion, marking a 20.5% increase and reflecting strong demand for its software solutions, especially within the federal sector and from AI-driven products. Furthermore, the significant increase in AI AgentAssist usage, alongside an expanding customer base with larger deals—evidenced by 103 contracts with an annual contract value over $1 million—underscores ServiceNow's momentum in the marketplace and a promising outlook for future growth.
Bears say
ServiceNow's stock outlook appears negatively impacted by three critical factors, including growing concerns about the sustainability of the SaaS model in light of advances in AI technology. Additionally, the company has experienced a slowdown in organic revenue growth compared to its competitors, as highlighted by Alkami's performance metrics showing 24% and 27% growth in recent quarters. Furthermore, the forthcoming departure of long-time CFO Bryan Hill raises concerns about leadership stability and its potential adverse effects on the company's financial strategy and operational execution.
This aggregate rating is based on analysts' research of ServiceNow and is not a guaranteed prediction by Public.com or investment advice.
ServiceNow (NOW) Analyst Forecast & Price Prediction
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