Added to YB: 2026-04-27
Pitch date: 2026-04-23
NOW [neutral]
ServiceNow, Inc.
+5.12%
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
$106.8B
Pitch Price
$85.78
Price Target
139.00 (+54%)
Dividend
N/A
EV/EBITDA
33.38
P/E
61.36
EV/Sales
7.26
Sector
Software
Category
growth
From Transition to Acceleration: ServiceNow’s Next Growth Phase
NOW (earnings): Q1 sub rev +18% YoY cc organic (adj +18.75-20.25% for Mideast/hosting headwinds), cRPO +20% matches Q4. AI ARR raised to >$1B (mgmt says $1.5B possible = ~10% of biz, +150% YoY). Q2 guide implies 19.75-20.25% sub rev growth. Armis deal closed early, dragging FCF margin to 35% from 36%. Upside 64% to 22x 2027 FCF, downside -14% to 14x 2026 FCF.
Read full article (3 min)