ServiceNow, Inc. (NOW): A Bull Case Theory

We came across a bullish thesis on ServiceNow, Inc. (NOW) on Substack by Daan Rijnberk. In this article, we will summarize the bulls’ thesis on NOW. ServiceNow, Inc. (NOW)'s share was trading at $1008.29 as of Feb 7^th. NOW’s trailing and forward P/E were 147.41 and 61.35 respectively according to Yahoo Finance.

[caption id="attachment_1211495" align="aligncenter" width="768"] A close-up of a server running a cloud-native platform, symbolizing the power of the software-as-a-service (SaaS) business area.[/caption]

ServiceNow, a leading enterprise software (SaaS) provider,...