Truist Securities Asserts ‘Buy’ Rating on ServiceNow Inc. (NOW), Downplays Seat-Based Growth Concerns

Group 1 - ServiceNow, Inc. has shown strong revenue growth of 21% over the past 12 months, with profit margins at 78.5% [1] - Truist Securities has reiterated a 'Buy' rating on ServiceNow, setting a price target of $1,200 [1] - The company is not experiencing a reduction in seat counts among its customers, despite concerns regarding AI adoption [2] Group 2 - ServiceNow is collaborating with the US General Services Administration to promote AI-driven modernization across federal agencies [3] - The company has partnered with SENAI-SP in Brazil to launch a statewide AI skills training program [3] - ServiceNow provides an AI-powered digital workflow platform that enhances operational efficiency and unifies experiences across various departments [4]