ServiceNow: An Excellent Business Trading at a Discount
(NYSE: NOW) regularly racks up 20%-plus yearly revenue growth and attractive margins. It has won praise from Nvidia CEO Jensen Huang, who called ServiceNow the "enterprise operating system" for artificial intelligence (AI). Huang also regularly speaks at ServiceNow's annual events, showing how much he believes in the company.
The Nvidia endorsement is huge, and it's backed by real fundamentals. Even with those tailwinds, the growth stock is down by roughly 35% year to date, but it likely won't remain that way for long.
Image source: Getty Images.
Source Fool.com
ServiceNow Inc. Stock
€86.42
10.370%
Currently there is a rather positive sentiment for ServiceNow Inc. with 117 Buy predictions and 5 Sell predictions.
As a result the target price of 150 € shows a very positive potential of 73.57% compared to the current price of 86.42 € for ServiceNow Inc..
