ServiceNow Reports Third Quarter 2024 Financial Results

ServiceNow (NOW) PT Raised to $1,045 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on ServiceNow (NYSE: NOW) to $1,045.00 (from $985.00) while maintaining a Outperform rating.

The analyst comments "Against a high bar, Q3/24 demonstrated nice upside while CY/24 subscription revenue guidance moved higher by more than the beat.... More

ServiceNow (NOW) PT Raised to $1,050 at Goldman Sachs

Goldman Sachs analyst Kash Rangan raised the price target on ServiceNow (NYSE: NOW) to $1,050.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our Price Target to $1,050 on ServiceNow following strong outperformance on key metrics, including a +200 bps beat on Subs Revenue and +150 bps beat on cRPO (CC), broadly aligning with our F3Q... More

ServiceNow (NOW) PT Raised to $1,000 at Barclays

Barclays analyst Raimo Lenschow raised the price target on ServiceNow (NYSE: NOW) to $1,000.00 (from $980.00) while maintaining a Overweight rating.

The analyst comments "With NOW shares up meaningfully since the Q2 print (NOW +24.2% vs. IGV +9.5), it was always difficult to expect a meaningfully... More

ServiceNow (NOW) Tops Q3 EPS by 27c

ServiceNow (NYSE: NOW) reported Q3 EPS of $3.72, $0.27 better than the analyst estimate of $3.45. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.75 billion.

Financial Outlook

Our guidance includes GAAP and non-GAAP financial measures. The non-GAAP growth rates for subscription revenues are adjusted for constant currency by excluding effects of foreign currency rate fluctuations and any... More