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.