Coverage
— → Added to coverage
Investment conviction●●●○○3 of 5
Research target$666.61Stock price target
Investment thesis statusINTACTLast reviewed 7/22/26
Market cap$105.26BSnapshot value
Research history
See all NOW changes ↗What changed
ServiceNow is the enterprise workflow OS, and its AI-powered ITSM platform has unmatched switching costs. Every major global enterprise runs ServiceNow for IT, and the expansion into employee workflows, customer service, and platform automation creates a multi-year land-and-expand cycle.
Now Assist AI copilot monetization adding premium tier ARPU $15B+ total addressable market expansion into GRC, ESG, and supply chain Q2 earnings — remaining performance obligations growth
needs primary source validation — pending deep-dive research. Placeholder: (1) thesis chain breaks on primary-source evidence, (2) named revenue/customer concentration risk, (3) margin compression or competitive displacement
research_only - seeded from company_layer_membership
Snapshot · 7/22/26🟡 Mixed · ins-$0.3M · 13F 17+/8-×0.0 · short↑0.23
Snapshot · 7/22/26