ServiceNow: The Case For More Upside Even From Here

Thinkhubstudio ServiceNow (NYSE:NOW) is a great recent example of why it can pay off to pay up for quality. The stock has delivered incredible returns over the past year and now trades at all-time highs. But has the stock run too far? The stock does trade at the higher end of my fair value range, but between the net cash balance sheet and GAAP profitability, the stock has earned a premium valuation. I still see market-beating returns ahead as the company moves into the mold of the next Microsoft (MSFT) or S ...