NOW’s AI ACV crossed $1 billion with agentic deployments surging 9x in nine months, powering 24% revenue growth and our $249.84 BUY target.
NOW grows subscriptions at 21%, nearly double CRM’s guided rate and well above WDAY, while trading at a forward P/E of just 30
Bill McDermott called cybersecurity a ’10-figure business’ growing faster than any top-10 peer, giving NOW a second high-velocity engine beyond AI. The most widely read finance newsletter on Substack isn’t published by a bank, it’s Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here. ServiceNow (NYSE:NOW) has recovered from a brutal drawdown, and the market is still missing the story.
Our proprietary model points to meaningful upside, and the setup is one of the most attractive in enterprise software right now. 24/7 Wall St. Price Target Summary Our 24/7 Wall St. price target for ServiceNow is $249.84, implying roughly 101% upside over the next 12 months. Confidence is high at 90%, driven by accelerating AI monetization, a resilient subscription engine, and a valuation reset well below prior peaks.