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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.
