Citizens JMP Reiterates Market Outperform Rating on ServiceNow (NOW)

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and $1,300.00 price target on ServiceNow (NYSE: NOW).

The analyst commented, “We maintain our Market Outperform rating and $1,300 price target on ServiceNow after the company reported strong 2Q25 results, with non-GAAP EPS of $4.09 (consensus $3.57), on revenue of $3.215B (consensus $3.121B), up 22.4% y/y as reported and 21.5% in constant currency (up from 18.6% as reported and 19.5% in cc last quarter), subscription revenue of $3.113B (consensus $3.034B), up 22.5% y/y as reported and 21.5% in cc (up from 19.1% as reported and 20% in cc last quarter), and most importantly, cRPO of $10.920B (consensus $10.490B), up 24.4% y/y as reported and 21.5% in cc (up from 22.0% as reported and down from 22% in cc last quarter), beating cc guidance by 200 basis points, compared to 150, 50, and 150 in the past three quarters, leaving the stock up 7% in the aftermarket after having decreased 10% year to date versus an increase of 8% for the Russell 3000.”

For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.

Shares of ServiceNow closed at $956.43 yesterday.

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