ServiceNow Reports Fourth Quarter and Full-Year 2023 Financial Results
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ServiceNow (NOW) PT Raised to $820 at Stifel
January 25, 2024 4:44 AM ESTStifel analyst Brad Reback raised the price target on ServiceNow (NYSE: NOW) to $820.00 (from $740.00) while maintaining a Buy rating.
The analyst comments "Consistent with our preview, ServiceNow posted strong 4Q results as cRPO (23% Y/Y-CC, 200bps ahead), driven by strong large deal... More
ServiceNow (NOW) PT Raised to $910 at Goldman Sachs, 'Solid Subscription Revenue Outlook Leaves Room for Upside'
January 25, 2024 4:39 AM ESTGoldman Sachs analyst Kash Rangan raised the price target on ServiceNow (NYSE: NOW) to $910.00 (from $800.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and raise our Price Target to $910 following ServiceNows strong F4Q print, while also taking stock in the above-Consensus F24 guide on OPM (+29% vs. Consensus +28%) and Subscription revenue ($10.57bn, +1% vs. Consensus) with implied net new... More
ServiceNow delivers results, guidance beat; Seen as 'one of the best compounding stories in software'
January 24, 2024 4:17 PM EST(Updated - January 25, 2024 5:53 AM EST)
ServiceNow (NYSE: NOW) reported fourth-quarter results and guidance that exceeded analyst expectations.
Shares rose 0.9% in pre-market Thursday on the news.
Adjusted earnings per share (EPS) were $3.11, surpassing the estimated $2.78, while adjusted revenue reached $2.40 billion compared to the estimated $2.40 billion.
Subscription revenue amounted to $2.37 billion, surpassing the estimated $2.32 billion, and representing a 27% annual increase.
The company said it achieved... More
