Should You Buy ServiceNow Now? A Beat That Went Nowhere
ServiceNow beat every line and re-accelerated cRPO to 21.5%, yet the gap-up vanished in 16 minutes. Why a beat went nowhere, and the $130 target.
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ServiceNow beat every line and re-accelerated cRPO to 21.5%, yet the gap-up vanished in 16 minutes. Why a beat went nowhere, and the $130 target.
ServiceNow was perfect on revenue, profit and cash flow, but one line about a 'slight slowdown' triggered a 17.75% crash. Markets trade acceleration.
ServiceNow beat on revenue, EPS, cRPO and FCF and still fell 17.75%. Dissecting the multiple compression: three quarters of cRPO deceleration, and Armis.
ServiceNow stock crashed 53% from highs, but 98% of customers never leave. We score 10 key fundamentals, compare NOW vs CRM vs WDAY, and estimate fair value.