Core Viewpoint - ServiceNow stock is positioned for a rebound after a 40% correction from its early 2025 high, with Q1 results driving a 15% increase in share price, indicating a significant technical reversal [1][4]. Financial Performance - ServiceNow reported Q1 revenue growth of 18.8%, driven by a 19% increase in core subscription business, with large clients contributing significantly to this growth [5][6]. - Remaining performance obligations (RPO) grew by 22% in Q1 and 25% overall, indicating strong future revenue potential [6]. - The company achieved better-than-expected margins and bottom-line performance, surpassing consensus estimates [7]. Market Sentiment and Analyst Ratings - Analysts have a positive outlook on ServiceNow, with a 12-month stock price forecast of $1,032.10, representing a 10.44% upside [4]. - The stock is rated as a Moderate Buy based on 33 analyst ratings, with a high forecast of $1,300.00 and a low forecast of $716.00 [5][4]. - Analysts view ServiceNow as one of the most durable software stocks, capable of sustaining robust growth, particularly due to increased demand for automation and insights [11][12]. Guidance and Future Outlook - The company provided better-than-expected guidance for Q1 and the year, suggesting continued strength through the end of the year [8]. - Analysts anticipate that if ServiceNow maintains its performance, stock price targets may be raised, potentially reaching the $1,500 range [13]. Balance Sheet Strength - ServiceNow's balance sheet is strong, with increased assets and equity, and low leverage, as net debt is at 0.15x equity [10].