Stock Pulse
ServiceNow recently partnered with Kura Labs to establish an AI innovation hub [2] and acquired the AI company Moveworks, bolstering its AI and automation capabilities [7]. The company demonstrated strong Q4 2024 performance with 21% revenue growth and a high renewal rate of 98% [8]. Despite positive growth projections [3], [8], [10] and anticipated earnings beats [4], concerns exist regarding the stock's high valuation in a market favoring more reasonably priced options [5] and potential impacts from reduced public sector spending [6]. While analysts remain largely positive on the company's long-term prospects [6], [7], [10], some suggest other AI-focused companies might offer higher short-term returns [7], [8]. Market analysts are also divided on how broader economic headwinds, such as tariffs, will impact ServiceNow [1], [10].