ServiceNow Analysts Boost Their Forecasts After Better-Than-Expected Q2 Results
Portfolio Pulse from Avi Kapoor
ServiceNow Inc (NYSE:NOW) reported better-than-expected Q2 results, with revenue of $2.627 billion and earnings of $3.13 per share, both surpassing analyst estimates. The company also provided strong guidance for Q3 and full-year 2024. Following the announcement, multiple analysts raised their price targets for the stock.
July 25, 2024 | 6:01 pm
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ServiceNow reported Q2 revenue of $2.627 billion and earnings of $3.13 per share, both exceeding expectations. The company provided strong guidance for Q3 and full-year 2024. Analysts raised their price targets, and the stock gained 15.5%.
ServiceNow's better-than-expected Q2 results and strong future guidance have led to a significant increase in the stock price. Multiple analysts have raised their price targets, indicating strong market confidence in the company's performance.
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