
ServiceNow (NOW) Stock Forecast & Price Target
ServiceNow (NOW) Analyst Ratings
Bulls say
ServiceNow Inc. has projected a strong growth trajectory with an anticipated FY25 Net New Annual Contract Value (NNACV) of $2.332 billion, reflecting a 9% year-over-year increase. The company has demonstrated transformative momentum beyond its traditional IT service management focus, evidenced by significant metrics such as Now Assist Annual Contract Value exceeding $600 million, a workflow count surge from 60 billion to 80 billion, and transaction volume climbing from 4.8 trillion to 6.4 trillion year-over-year. With expectations of surpassing $15 billion in revenue by CY26 and the potential for 17%+ organic subscription revenue growth in FY27, ServiceNow is well-positioned for sustained elevated growth driven by its strategic expansions and strong customer engagement.
Bears say
The analysis indicates that ServiceNow may face challenges due to a modest decline in investor sentiment, highlighted by deterioration in key metrics such as Current Remaining Performance Obligations and Renewal Rates, which could impact the company's valuation multiple. Additionally, the data suggests a significant decrease in US Federal spending year-over-year, which may undermine management's expectations and further contribute to a weak outlook for the quarter. Lastly, there are concerns regarding a lackluster spending environment in the first quarter, compounded by the potential effects of a technology hype-cycle that could impede growth moving forward.
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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