ServiceNow Q2 Earnings: Even Now It Makes Sense To Buy, On Its Path To Megacap
NOWServiceNow(NOW) Seeking Alpha·2024-07-25 15:22
JHVEPhoto Investment Thesis ServiceNow (NYSE:NOW) (NEOE:NOWS:CA) delivered an earnings report that was met with cheer from investors, as its stock jumped 6% premarket. But details matter. I assert, as I've done before, that ServiceNow is on the path toward becoming a megacap stock, a household name. Indeed, I argue that investors are getting a very fair entry price right now while paying 35x next year's free cash flow. ServiceNow is not only delivering +20% premium growth, but it's capable of sustaining ...