What to Expect From ServiceNow’s Upcoming Q1 Results?
<p>RBC Capital analysts released their outlook on <a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow (NYSE:NOW)</a> ahead of Wednesday’s Q1/23 earnings announcement.</p>
<p>While the analysts don't see this as an inflection-type quarter given it's a Q1, they look for a slight upside to results following resilient partner checks despite an uncertain macro environment.</p>
<p>The analysts expect a potentially 100 bps upside to subscription revenue growth versus guidance/consensus at 22.25%/22.2%. While the analysts believe fiscal 2023 guidance stays largely unchanged, they think there is the opportunity for estimates to move higher into fiscal 2024 on a firming macro.</p>
<p>The analysts raised their price target on the stock to $520 from $510 while reiterating their Outperform rating.</p>

NYSE:NOW