Added to YB: 2026-05-27
Pitch date: 2026-05-24
NOW [bullish]
ServiceNow, Inc.
-0.63%
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
$105.3B
Pitch Price
$100.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.84
P/E
60.80
EV/Sales
7.15
Sector
Software
Category
growth
ServiceNow: This Is Not a Demand Problem
NOW: Down 30% YTD on AI disruption fears, but Q1 grew 22% rev w/ $27.7B backlog (+25% YoY), 44% FCF margin. 75bps headwind from delayed (not lost) Middle East deals; FY guide raised to $15.74-15.78B. Now Assist AI product at $750M ACV (+130% YoY), targeting $1B by year-end. CEO bought $3M shares 2mo before ER; mgmt targeting $30B rev by 2030. Trading 10.97x fwd EV/rev, 40% discount vs 18mo ago, cheaper than Workday despite 22% vs 14% growth. Armis acq ($7.75B) adds 75bps margin headwind. Q2 7/22 key for deal closures.
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