Is ServiceNow Stock a Buy? Analyst Predicts Target Price of $885
Thursday, 9 May 2024, 10:05
ServiceNow Stock Potential at $885
The leading digital workflow specialist predicts subscription revenue to reach $15 billion by 2026.
Why Buy ServiceNow Stock
- Strong Growth: Subscription revenue grew 25% year over year to $2.5 billion in the first quarter.
- Market Advantage: First-to-market in digital workflows and ongoing platform enhancements.
- Price Target: Analysts at Baird raise the target to $885, up 23% from current prices.
Investing in ServiceNow at this stage could lead to significant gains as the company continues its growth trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.