ServiceNow (NOW) Outperforms Broader Market: What You Need to Know

ServiceNow (NOW) closed at $132.53, up 1.04%, outperforming the S&P 500. The stock has gained 3.08% over the past month. However, analysts expect earnings of $1.03 per share with 7.29% YoY growth and quarterly revenue of $4.1 billion (+20.27% YoY). Despite positive revenue growth projections, ServiceNow carries a Zacks Rank of #4 (Sell) with a Forward P/E of 32.3, significantly above the industry average of 13.32, indicating an expensive valuation.