ServiceNow Q2 Results Expected to Beat Consensus on Core Offerings Strength, AI Initiatives, Truist Says

MT Newswires Live
07-24

ServiceNow (NOW) Q2 results will beat consensus due to continued strength in its core offerings and artificial intelligence initiatives, but the company will give conservative guidance to manage macroeconomic uncertainty and a heavy Federal quarter ahead, Truist Securities said in a note on Wednesday.

The Pro Plus stock keeping unit and Agentic AI are showing early momentum, with management realizing uplift in upgrades and broadening use cases across products like IT Service Management Plus and Security Operations Plus, according to the note.

The firm said that ServiceNow's decision to price Agentic AI features on a consumption basis could make adoption easier and increase monetization; however, it is too early to see this impact in 2025 guidance.

Truist expects Federal spending to remain a concern, but recent wins, including $1 million federal deal, show promise, and more deal flow in Q2 could lift full-year guidance.

The firm maintained its buy rating on ServiceNow's stock with a $1,200 price target.

Price: 961.03, Change: -1.34, Percent Change: -0.14

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10