
ServiceNow (NOW) Stock Forecast & Price Target
ServiceNow (NOW) Analyst Ratings
Bulls say
ServiceNow is a reputable and well-respected workflow automation platform founded by entrepreneur and former Peregrine Systems CTO Fred Luddy in 2004. The company has shown strong financial performance with consistent revenue growth and a positive outlook for 2021. With a focus on digital transformation and a wide range of products and services, ServiceNow is poised to continue its success and drive AI adoption in the industry. Additionally, the company's diverse portfolio and continued investment in innovation make it a reliable choice for investors.
Bears say
ServiceNow is facing potential downside risks such as competition from major players, deceleration of subscription revenue, and fading revenue from transitioning customers. Their high valuation multiple could also contract if there are any disappointing financial metrics. Despite solid performance, there is growing confusion in the market due to similar software features and tools offered by numerous vendors. Overall, ServiceNow's potential for growth in the rapidly evolving infrastructure software market may be overshadowed by these risks leading to a negative outlook.
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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