Where Does ServiceNow Stand With Analysts Post Investor Day?

Where Does ServiceNow Stand With Analysts Post Investor Day?
The ServiceNow, Inc.'s office in Santa Clara, Calif., in December 2020. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:

After attending its investor day meet, analysts offered their views on ServiceNow, Inc.. Mizuho analyst Gregg Moskowitz said management expressed bullishness on its growth prospects and targeted $11 billion+ of subscription revenue by 2024, and $16 billion+ by 2026, above its initial targets of $10 billion+ and $15 billion+, respectively.

NOW also raised 2024E OMs by 50bps, to 27 percent. Moskowitz reiterated his expectation of continued high growth over the next few years triggered by robust demand for workflow automation, strong cross-sell opportunities, and greater penetration of newer markets.