Citizens JMP Reiterates a Buy Rating on ServiceNow (NOW)

ServiceNow, Inc. (NYSE:NOW) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 4, Citizens JMP analyst Patrick Walravens reiterated a Buy rating on ServiceNow, Inc. (NYSE:NOW) with a $1,300 price target.

The rating follows the company’s fiscal second quarter 2025 earnings release. The company delivered robust results that exceeded Wall Street expectations. ServiceNow, Inc. (NYSE:NOW) delivered total revenue of $3.22 billion, indicating 22.38% year-over-year growth and ahead of estimates by $91.34 million. This growth was driven by improved subscription revenue, which reached $3.11 billion after growing 22.5% during the same time. Management highlighted the growing demand for the company’s AI platform and also showed confidence in reaching its $1 billion new contract value target by 2026.

ServiceNow, Inc. (NYSE:NOW) provides a cloud-based AI platform called the Now Platform that helps businesses digitize and automate workflows.

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Disclosure: None. This article is originally published at Insider Monkey.