Is ServiceNow (NOW) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - ServiceNow (NOW) is identified as a strong growth stock with favorable growth metrics and a top Zacks Rank, making it an attractive investment opportunity for growth investors [2][14]. Earnings Growth - ServiceNow has a historical EPS growth rate of 54.5%, with projected EPS growth of 28.1% for the current year, significantly outperforming the industry average of 8.6% [11]. - Recent upward revisions in current-year earnings estimates for ServiceNow have increased by 5.2% over the past month, indicating positive market sentiment [6][14]. Cash Flow Growth - The company's annualized cash flow growth rate has been 33.5% over the past 3-5 years, compared to the industry average of 9.1% [5]. - Year-over-year cash flow growth for ServiceNow stands at 33%, which is substantially higher than the industry average of -13.1% [12]. Investment Positioning - ServiceNow has earned a Growth Score of B and a Zacks Rank 1 due to positive earnings estimate revisions, positioning it well for potential outperformance in the market [14][18]. - The combination of strong earnings growth, high cash flow growth, and favorable earnings estimate revisions makes ServiceNow a compelling choice for growth investors [18].