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Stock impact report

ServiceNow Is a Top AI Stock, but Is It Really a Good Buy? [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Since then, AI has gone from early hype to a legitimate driver of business growth. The problem is, ServiceNow stock has soared some 60% in the last 12 months, pricing in a large part of the business's expected growth over the next few years. Is this top AI software stock still a buy? ServiceNow's momentum continues to roll In the first quarter of 2024, ServiceNow reported total subscription revenue of $2.52 billion, a 25% year-over-year increase. Management kept its full-year 2024 revenue outlook mostly unchanged, slightly upping the low-end of guidance for $10.560 billion to $10.575 billion in expected subscription revenue. That implies full-year growth of about 22%, keeping ServiceNow on track for that 2026 target. The company provides enterprise software for IT, customer service, and other workflow management. Last spring, the big news was an agreement with Nvidia , where the AI pioneer would use ServiceNow's offerings for its generative AI research and development (R&D) wo Show less Read more
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