2024-07-05 15:20:54 ET
Summary
- I remain bullish on ServiceNow, Inc. stock due to its impressive outlook for 2024, showcasing robust revenue growth.
- I see a path for ServiceNow's free cash flow margin to expand further in 2025.
- I am confident in ServiceNow's trajectory, despite the challenging economic environment and fierce competition.
- This stock likely won't go on sale, as it moves to become a mega cap.
Investment Thesis
ServiceNow, Inc. ( NOW ) has a lot going for it. The punchline here is that paying 37x next year's free cash flow for ServiceNow is an entirely justifiable multiple....
Read the full article on Seeking Alpha
For further details see:
ServiceNow: Moving From Large Cap To Mega Cap, Now