Investing.com — Raymond James initiated protection of ServiceNow Inc (NYSE:NOW) with an “outperform” ranking and a value goal of $1,200 given firm’s sturdy development prospects at scale and its potential in synthetic intelligence monetisation.
The brokerage highlighted ServiceNow’s capacity to maintain 20%-plus development at a $10 billion income scale, noting its parallels to software program giants like Microsoft (NASDAQ:MSFT), Salesforce (NYSE:CRM), and Adobe (NASDAQ:ADBE).
AI alternatives, together with Generative AI and new options like Workflow Knowledge Material, might drive incremental income and solidify its function as an information system of document, Raymond (NS:RYMD) James mentioned.
ServiceNow’s diversification into buyer and worker workflows, together with excessive shopper retention and enlargement charges, assist its long-term development sturdiness, the observe added.
Raymond James assigned a valuation of 16 occasions estimated 2026 income, reflecting confidence within the firm’s mix of excessive development and robust money movement margins.
What Precisely Is the U.S. Financial system? The USA of America, one of many…
Mike Ashley, the excessive road billionaire, is exploring a cut-price takeover bid for struggling Revolution…
The household behind River Island, the excessive avenue trend retailer, is drawing up a radical…
A single ticket-holder might win the largest lottery prize the UK has ever seen in…
Elon Musk posted in February that he appreciated his president, patron and personal buddy, “as…
The US economic system noticed a slowdown in hiring however no leap in unemployment final…