Added to YB: 2024-10-31
Pitch date: 2024-10-26
NOW [neutral]
ServiceNow, Inc.
-44.02%
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
$110.8B
Pitch Price
$191.80
Price Target
1.0K (+856%)
Dividend
N/A
EV/EBITDA
35.75
P/E
63.42
EV/Sales
7.77
Sector
Software
Category
growth
ServiceNow (NOW) Q3 Report: Solid Growth and AI Traction, but Valuation Concerns Persist
NOW (pass - valuation): Solid Q3, 22.5% cc sub rev growth, cRPO accel to 23.5%. AI traction w/ 44 $1M+ customers. Bull: AAA team, AI potential, 20%+ rev growth. Bear: Decel concerns, AI competition. Q4 guide ahead, but Q1 tough comp. 20.7% 2024 growth est. Valuation full at 40x CY26 FCF, 8% upside vs -32% downside.
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