Added to YB: 2026-03-09
Pitch date: 2026-03-05
NOW [bullish]
ServiceNow, Inc.
-6.25%
current return
Author Info
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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
$130.1B
Pitch Price
$120.50
Price Target
250.00 (+116%)
Dividend
N/A
EV/EBITDA
42.43
P/E
74.46
EV/Sales
9.22
Sector
Software
Category
turnaround
ServiceNow Deep Dive
NOW: Workflow platform w/ 85B+ workflows, $13.3B rev (+21% YoY), 34% FCF margins, $12.85B cRPO (+25%). Down 53% from $239 ATH to $113 on AI disruption fears. Trading 8.63x P/S vs 15x 10yr avg. Now Assist targeting $1B ACV by 2026; AI agent monetization via hybrid consumption model key driver. Armis/Moveworks/Veza acquisitions expand TAM into OT security & AI agent governance. $2B CRM pipeline (Nvidia, Starbucks wins). Risk: seat-based compression if AI agents replace humans faster than consumption revenue scales. Bull case: re-rating to $200-250 (75-120% upside) as AI monetization proves out; 10x possible by 2033-35 at $40-50B rev if 20% CAGR holds.
Read full article (6 min)