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Benzinga
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ServiceNow Benefits From Material AI Contribution, Analyst Predicts Solid Q4 Results

1. Goldman Sachs maintains Buy rating for ServiceNow with $1,200 target. 2. ServiceNow to achieve 21.7% Subscription Revenue growth, fulfilling consensus expectations. 3. The stock rose 24% post-Q3 FY24 earnings, surpassing NASDAQ gains. 4. Robust deal metrics indicate sustained growth, driven by AI and diverse offerings. 5. Long-term potential up to $35 billion revenue, with 40% margins forecast.

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FAQ

Why Bullish?

Strong growth forecasts and favorable analyst sentiment support higher valuations.

How important is it?

Analyst's positive outlook and price target strongly influence investor expectations.

Why Long Term?

Long-term growth prospects and resilient business model indicate sustained demand.

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