Bernstein Reiterates a Buy on ServiceNow (NOW)

Core Viewpoint - ServiceNow, Inc. is recognized as one of the best software stocks to buy, with analysts providing mixed ratings following its fiscal Q4 2025 earnings release, which showed strong revenue and earnings performance [1][2]. Financial Performance - The company reported a revenue growth of 20.66% year-over-year, reaching $3.57 billion, which exceeded expectations by $38.91 million [2]. - Earnings per share (EPS) were $0.92, surpassing consensus estimates by $0.03 [2]. - ServiceNow achieved a "clean beat" on earnings, with a 20% organic constant currency current remaining performance obligation growth [3]. Future Outlook - Management provided a 2026 organic outlook projecting approximately 18.75% subscription revenue growth at the midpoint, which exceeds consensus estimates [3]. - Analysts at RBC Capital noted that the company exceeded guidance across all topline growth and profitability metrics [2][3]. Company Overview - ServiceNow provides a platform that integrates workflows, data, and AI to enhance operational efficiency across large organizations [4].