ServiceNow (NOW) Enters Five-year Alliance with Visa to Transform Payment Services

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ServiceNow (NOW) PT Raised to $820 at Stifel

January 25, 2024 4:44 AM EST

Stifel analyst Brad Reback raised the price target on ServiceNow (NYSE: NOW) to $820.00 (from $740.00) while maintaining a Buy rating.

The analyst comments "Consistent with our preview, ServiceNow posted strong 4Q results as cRPO (23% Y/Y-CC, 200bps ahead), driven by strong large deal... More

ServiceNow (NOW) PT Raised to $910 at Goldman Sachs, 'Solid Subscription Revenue Outlook Leaves Room for Upside'

January 25, 2024 4:39 AM EST

Goldman Sachs analyst Kash Rangan raised the price target on ServiceNow (NYSE: NOW) to $910.00 (from $800.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our Price Target to $910 following ServiceNows strong F4Q print, while also taking stock in the above-Consensus F24 guide on OPM (+29% vs. Consensus +28%) and Subscription revenue ($10.57bn, +1% vs. Consensus) with implied net new... More

ServiceNow delivers results, guidance beat; Seen as 'one of the best compounding stories in software'

January 24, 2024 4:17 PM EST

(Updated - January 25, 2024 5:53 AM EST)

ServiceNow (NYSE: NOW) reported fourth-quarter results and guidance that exceeded analyst expectations.

Shares rose 0.9% in pre-market Thursday on the news.

Adjusted earnings per share (EPS) were $3.11, surpassing the estimated $2.78, while adjusted revenue reached $2.40 billion compared to the estimated $2.40 billion.

Subscription revenue amounted to $2.37 billion, surpassing the estimated $2.32 billion, and representing a 27% annual increase.

The company said it achieved... More