Professional
Added to YB: 2024-10-17
Pitch date: 2024-10-16
NOW [bullish]
ServiceNow, Inc.
-17.97%
current return
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
$178.9B
Pitch Price
$932.78
Price Target
1.1K (+27%)
Dividend
N/A
EV/EBITDA
65.03
P/E
104.23
EV/Sales
13.55
Sector
Software
Category
N/A
Jefferies Raises ServiceNow (NOW) Price Target to $1,100
NOW: Jefferies raises PT to $1100. Anticipate modest 3Q24 upside vs consensus. Positive mgmt/partner checks. Expect AI & new product updates. Seeking clarity on Federal biz risks (Carahsoft). Solid print likely, but muted stock reaction due to valuation (37x 2026 FCF) & positioning. Jefferies' top large cap pick.
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