William Blair analyst Arjun Bhatia has maintained their bullish stance on NOW stock, giving a Buy rating today.
Arjun Bhatia has given his Buy rating due to a combination of factors including ServiceNow’s strong first-quarter performance, which exceeded expectations across key metrics and maintained a robust subscription revenue growth outlook. The company’s impressive cRPO growth and significant gains in the public sector, manufacturing, and healthcare verticals, despite macroeconomic challenges, underscore its strategic importance and strong return on investment for clients.
Moreover, ServiceNow’s solid demand in EMEA and APAC regions, particularly for its CRM workflows, and the successful expansion of its Pro-Plus and Now Assist products, highlight its innovative product offerings and customer satisfaction. Despite potential headwinds such as federal sector disruptions and tariff uncertainties, the company’s cautious guidance approach leaves room for potential upside, reinforcing Bhatia’s confidence in ServiceNow’s ability to achieve its long-term growth targets.
According to TipRanks, Bhatia is an analyst with an average return of -1.6% and a 40.29% success rate. Bhatia covers the Technology sector, focusing on stocks such as ServiceNow, Five9, and InterDigital.