ServiceNow, Inc. (NYSE:NOW) is one of the 10 Most Promising Technology Stocks to Invest In. On August 25, Stifel Nicolaus reiterated the Buy rating on ServiceNow, Inc. (NYSE:NOW) stock, keeping the price target at $1,200.
Brad Reback from Stifel reaffirms the rating on NOW, with the company posting 21.5% constant currency current remaining performance obligation (cRPO) growth during Q2 FY2025, reaching $10.92 billion. The company closed 89 deals greater than $1 million in net new ACV, with 11 deals surpassing $5 million. ServiceNow maintains focus on operational discipline and is gaining strong momentum in AI, with an increase in key AI Pro Plus deal count of more than 50% in Q2 compared to Q1.
Reback remains optimistic about the company’s progress. ServiceNow expects its subscription revenue to be between $3.26 billion and $3.265 billion in Q3 FY2025, indicating 20% to 20.5% year-over-year growth. For the full year 2025, the company has raised its subscription revenue by $125 million to $12.775 billion to $12.795 billion, also reflecting a 20% growth from a year ago.
ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation. The company’s AI platform connects people, processes, devices, and data to enhance productivity and maximize business outcomes.
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Disclosure: None. This article is originally published at Insider Monkey.
