ServiceNow has shown strong growth and adoption of its AI-driven solutions, with a significant increase in deals for its Pro Plus AI offerings, indicating robust customer engagement. The company's focus on workflow automation and AI monetization positions it well for sustained growth. However, the stock recently faced a downturn after Q4 earnings, dropping 11.4% due to mixed financial results and soft guidance.
The stock is currently trading at $848.5, near the lower end of its Fibonacci retracement levels. Key technical indicators suggest the stock is oversold, with an RSI_6 of 16.94 and a bearish MACD signal. The Fibonacci support level at $852.36 is a critical level to watch for potential reversal.
Analysts have a mixed outlook, with an average 12-month price target of $1211.82. While some have raised their targets, others have lowered them, reflecting uncertainty. The stock has a "Double Down" alert, suggesting potential upside.
The stock is expected to test the $852 support level. If it holds, a rebound to $950 is likely. Buying near $852 is recommended, targeting $950 with a stop-loss at $840.
Buy ServiceNow near $852, targeting $950.
The price of NOW is predicted to go up 0%, based on the high correlation periods with CRNT. The similarity of these two price pattern on the periods is 98.18%.
NOW
CRNT
Year
NOW Price Forecast($)
Potential Return(%)
2025
1,073.220
-0.050
2026
1,350.000
45.200
2027
1,400.000
50.580
2028
1,500.000
61.330
2029
1,500.000
61.330
2030
1,122.000
20.680
ServiceNow's superior product has led to rapid share gains and exceptional retention in the ITSM market. Now the company is using this strength to expand into other areas of ITOM.
The company has added additional growth drivers, including customer service and HR service delivery, which should help propel robust growth over the next five years.
GAAP operating margin was breakeven for the first time in 2019, and we see a decadelong runway for expansion.
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