Servicenow Inc. NYSE: Now At the end of the week, it decreased by 11%, in which the company provided its profit report in the fourth quarter. The title was in order, and income of 2.96 billion dollars. The United States was 21% higher compared to last year. However, this corresponded to expectations. Profit per share in the amount of $ 3.67 compared to one penny ($ 3.66). Another bright spot appeared from the income from the subscription, which grew by 23% year.
Servicenow today

- 52-week range
- $ 637.99
▼
$ 1198.09
- P/e ratio.
- 149.37
- Value is valuable
- $ 1129.93
But the company’s management seemed to scare investors. For example, the company leads an increase in income from subscription by about 18%- 19% next year. Analysts weigh growth in growth, regardless of how insignificant, against the action that the price looks for accelerating growth looks.
Nevertheless, Servicenow claims to reduce his previous leadership in order to reflect changes to the company’s business models. In the presentation of the company’s profit, she noted that the company “will include our new artificial intelligence agents in our Pro Plus and Enterprise Plus Skus, abandoning advance new subscriptions in order to stimulate accelerated acceptance and monetize more and more use.” The company also said that it was optimized by aspects of its approach to the market and creating more integrated solutions.
AI will continue to stimulate growth
Servicenow is a leading supplier of cloud software solutions to help enterprises optimize their digital work processes and increase performance. The company is one of the first to include artificial intelligence (AI) and machine training in its platform. This led to a significant increase in income and income. In the fourth quarter, the annual value of the company’s contract (ACV) from its generative customers of artificial intelligence increased by 150% compared to the previous quarter.
Nevertheless, analysts are a little concerned about the hiring habits. At a time when many of his competitors freeze the hiring as part of other cost reduction measures, Servicenow continues to hire at a fast pace.
Is it possible to move below now?
On January 31, Servicenow shares were traded at the support level of about 10-day simple sliding medium (SMA). During this recent rollback, stocks also cut their 50- and 200-day sliding medium-sized ones. It is equally worth noting that the recent rise in shares to $ 1123 has twice served as a resistance point over the past 60 days.
The bulls would like him to stay at this level and begin his next step above. Nevertheless, several analysts believed that at present the shares were evaluated in a significant premium direction aimed at profit, even among technological shares.
And you do not need to look too far to see the time when the promotions have now made a 20% transition from the peak. If so, shares can challenge the key support level of $ 950. Traiders will want to carefully monitor the MACD reading, as they seem to change what shows a bull impulse.
Why are investors should welcome the fall
Servicenow stock forecast today
$ 1129.93
10.76% growthModerate purchase
Based on 30 analysts ratings
High forecast | $ 1432,00 |
---|---|
Average forecast | $ 1129.93 |
Low forecast | $ 716.00 |
Servicenow forecast.
Analysts are still optimistic on Servicenow, with a consensus target price of $ 1129.93 as of January 31, 2025. This will give investors an increase of 11%. Nevertheless, many analysts began to bet on shares higher from the moment of their income report. Noteworthy JPMorgan Chase & Co. NYSE: JPM He set his overweight on shares and raised the target price from 950 to 1250 dollars.
The market time is difficult in the best circumstances. The risk for Servicenow is that the shares will become a range. But the long -term prospects for the business of the company’s art company suggest that this is a long -term purchase, especially if the company continues to improve the capital of shareholders. That is why the company allowed up to $ 3 billion additional shares of ordinary shares as part of the existing promotion program.
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