ServiceNow Backed By AI, Strong Cash Flow Despite Tariff Uncertainty: Analyst
1. ServiceNow stock down 5.19% at $783.49, still one of Goldman's recommendations. 2. Price target reduced to $1,050 from $1,200; guidance remains conservative. 3. Fiscal 2025 guidance under scrutiny due to PubSec and tariff uncertainties. 4. Analyst forecasts 20.2% subscription revenue growth; provides an attractive entry point. 5. Tariff volatility may hinder customer spending, affecting future revenue expectations.