ServiceNow just posted 20% revenue growth and raised guidance for the year. So why has the stock has fallen nearly 13% this year? Is ServiceNow overvalued or a bargain?
ByPeter Cohan,
Senior Contributor.
ServiceNow beat Q3 revenue and earnings estimates, raising its 2025 full-year guidance, reflecting strong and consistent operational performance.
Growth is driven by high demand for AI-infused services and a 30%+ increase in U.S. federal contracts, with AI platform revenue targeting $1 billion by 2026.
A 5-for-1 stock split is planned to boost retail investor access, and analysts project a 22% stock price upside despite current valuation concerns.
ServiceNow reported third-quarter results on Wednesday that blew past Wall Street's expectations and its board approved a…
ServiceNow announced an expanded partnership with Anthropic about a week after it inked a similar deal with competitor OpenAI.
Bernstein's $1,093 price target is approximately 40% above where shares of ServiceNow closed on Tuesday.
The software company beat expectations for earnings and revenue as it continued to expand its artificial intelligence offerings.
KeyBanc established a $775 price target, which was right around where ServiceNow was trading Monday after dropping more than 11%.
ServiceNow's stock has slumped this year, along with other software names, as AI has threatened to disrupt the industry's…
