ServiceNow, Inc. (NYSE:NOW) is likely one of the 10 Most Promising Expertise Shares to Make investments In. On August 25, Stifel Nicolaus reiterated the Purchase ranking on ServiceNow, Inc. (NYSE:NOW) inventory, maintaining the worth goal at $1,200.
Brad Reback from Stifel reaffirms the ranking on NOW, with the corporate posting 21.5% fixed forex present remaining efficiency obligation (cRPO) progress throughout Q2 FY2025, reaching $10.92 billion. The corporate closed 89 offers larger than $1 million in web new ACV, with 11 offers surpassing $5 million. ServiceNow maintains deal with operational self-discipline and is gaining robust momentum in AI, with a rise in key AI Professional Plus deal rely of greater than 50% in Q2 in comparison with Q1.
Reback stays optimistic concerning the firm’s progress. ServiceNow expects its subscription income to be between $3.26 billion and $3.265 billion in Q3 FY2025, indicating 20% to twenty.5% year-over-year progress. For the complete 12 months 2025, the corporate has raised its subscription income by $125 million to $12.775 billion to $12.795 billion, additionally reflecting a 20% progress from a 12 months in the past.
ServiceNow, Inc. (NYSE:NOW) gives an AI platform for enterprise transformation. The corporate’s AI platform connects individuals, processes, gadgets, and knowledge to reinforce productiveness and maximize enterprise outcomes.
Whereas we acknowledge the potential of NOW as an funding, we consider sure AI shares provide larger upside potential and carry much less draw back danger. Should you’re in search of an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
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Disclosure: None. This text is initially revealed at Insider Monkey.
