FMP
May 26, 2022 11:00 AM - Davit Kirakosyan
RBC Capital analysts provided their key takeaways from ServiceNow, Inc. (NYSE:NOW) Analyst Day, noting they walked away incrementally bullish about the company’s large and growing opportunity to consolidate not just IT spend, but broader enterprise spend on a single platform, helping customers reduce costs and streamline operations.
Specifically, the analysts liked to see 2024 and 2026 revenue guidance as well as 2024 profitability guidance move higher vs. management's prior estimates.
Subscription revenue guidance moves higher to $11 billion or more in 2024 and $16 billion or more in 2026 vs. $10 billion+ and $15 billion+ respectively as per last year's analyst day.
The analysts said they continue to believe the company remains well-positioned to drive durable organic long-term growth and profitability driven by secular tailwinds around digital transformations. The analysts maintained their outperform rating and $670 price target on the company’s shares.
Sep 11, 2023 - Rajnish Katharotiya
During this post we are going to perform an industry analysis with Python. We will build, analyse and compare all stocks operating within an industry. To do so, we will pick an industry and get all important financial metrics for companies operating in that industry. Then, we will use a couple of fi...
Sep 11, 2023 - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 - Rajnish Katharotiya
Would you like to know how your portfolio is performing and how much risk you are taking? In this post, you will learn how to measure portfolio risk and calculate portfolio returns using Python. We will see step by step how to calculate the risk and returns of a portfolio containing four stocks Appl...