ServiceNow Inc

NOW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ServiceNow Earnings: Another Epic Quarter Complete With a Serving of Generative AI Leadership

Dan Romanoff

Oct 24, 2024

We are raising our fair value estimate for ServiceNow to $900 per share from $840 after the wide-moat company delivered outstanding results. The company beat the top end of guidance for all key metrics. Guidance was mixed with upside to revenue but lower margins than reflected in our estimates. Concurrent with earnings, the company also made a variety of announcements, including new product introductions and the hiring of Amit Zavery as president, COO, and chief product officer.

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ServiceNow Inc

ServiceNow Earnings: Another Epic Quarter Complete With a Serving of Generative AI Leadership

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