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home / news releases / NOW - ServiceNow: Expect A Strong 2024 From NOW

NOW - ServiceNow: Expect A Strong 2024 From NOW

ServiceNow Inc.

2024-02-03 09:57:44 ET

Summary

  • I remain bullish on ServiceNow as its outlook for 2024 promises substantial revenue growth and an improved free cash flow margin, aligning with its strong 2023 performance.
  • I find the current valuation of less than 44x forward free cash flow justified, considering the compelling growth prospects ServiceNow offers for 2025.
  • My perspective is that the premium valuation is reasonable, given ServiceNow's consistent growth, innovative approach, and prominent position in the dynamic enterprise software sector.

Investment Thesis

ServiceNow (NOW) enables organizations to streamline and automate their business processes. The company delivers a strong outlook for 2024, that not only sees strong growth in revenues to approximately 25% CAGR but also, an improvement in its already very high free cash flow margin....

For further details see:

ServiceNow: Expect A Strong 2024 From NOW
Stock Information
Company Name: ServiceNow Inc.
Stock Symbol: NOW
Market: NYSE
Website: servicenow.com
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