ServiceNow is becoming an AI software leader.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
ServiceNow (NOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The company is partnering with enterprises to improve operations with artificial intelligence.
ServiceNow's Q3 results exceeded expectations, with strong financial performance driven by AI adoption, but short-term valuation concerns have led to a Hold rating. Subscription revenue grew by 22.5% YoY, the operating margin surpassed guidance, and the free cash flow margin increased significantly, showcasing robust operational achievements. Despite strong long-term prospects, high valuation multiples suggest potential volatility, warranting a cautious approach and smaller portfolio allocation.
Shares of ServiceNow (NOW) traded at an all-time high Thursday, a day after the software and IT services provider posted better-than-expected results and boosted its guidance as demand for its artificial intelligence (AI) platform boomed.
NOW's third-quarter 2024 results reflect a strong uptake of its generative AI solution. However, stretched valuation makes the stock a risky bet.
The Investment Committee's @Jason_Snipe breaks down why he owns ServiceNow after it beat earnings estimates.
ServiceNow (NOW) delivered robust third quarter earnings, exceeding expectations on both revenue and profit. Additionally, the cloud-computing platform raised its subscription revenue guidance.
ServiceNow's beat-and-raise quarter has investors feeling bullish.
Bill McDermott, ServiceNow CEO, joins CNBC's 'Squawk on the Street' to discuss his company's latest earnings beat, how generative AI will improve the consumer experience, and more.
ServiceNow's stock is on track for a record close Thursday following an upbeat earnings report.