
ServiceNow (NOW) Stock Forecast & Price Target
ServiceNow (NOW) Analyst Ratings
Bulls say
ServiceNow Inc. demonstrates a robust outlook for 2024, marked by a significantly enhanced market position and anticipated long-term capital appreciation. The company is well-positioned within a growing total addressable market projected to reach $350 billion by 2027, supported by a strong financial profile featuring projected revenue growth of 20% in 2025 and free cash flow margins of 32%. Additionally, the business is leveraging its integration of AI and workflow capabilities, with initiatives such as Now Assist expected to drive substantial increases in annual contract value, further solidifying ServiceNow's competitive position.
Bears say
The analysis indicates a negative outlook on ServiceNow's stock due to three primary factors: concerns regarding the future of the Software as a Service (SaaS) model in light of advancing artificial intelligence, a notable slowdown in organic revenue growth, and the planned departure of long-time CFO Bryan Hill. The excerpts highlight a comparison with Alkami, which reported a 24% and 27% organic growth rate in recent quarters, emphasizing ServiceNow's relative decline amidst competitive pressures. Additionally, the overall market sentiment reflects a challenging landscape, with Alkami's stock down 44% year-to-date, contrasting sharply with the 16% median decline among similar stocks.
This aggregate rating is based on analysts' research of ServiceNow and is not a guaranteed prediction by Public.com or investment advice.
ServiceNow (NOW) Analyst Forecast & Price Prediction
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