ServiceNow Raises Annual Forecast Amid Strong Q2 Performance
ServiceNow (NOW) shares initially rose before dipping after the company reported better-than-expected second-quarter earnings. The software firm raised its full-year subscription revenue guidance to at least $15.755 billion, driven by strong AI adoption and enterprise demand for its automated solutions. The Q2 results highlighted a significant milestone with over $1 billion in annual contract value from AI-related services, ahead of schedule. ServiceNow ended the quarter with $13.2 billion in remaining performance obligations (RPOs), up 12% year-over-year. Analysts at Cantor Fitzgerald reiterated an 'Overweight' rating and a price target of $141 per share. The consensus on Wall Street remains bullish, with ServiceNow currently rated as a
Tickers: $NOW
Topics: AI adoption enterprise technology software stock performance