What to Expect From ServiceNow’s Upcoming Analyst Day?
<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow, Inc. (NYSE:NOW)</a> ahead of the company’s Analyst Day this week.</p>
<p>The analysts believe the focus remains on the long-term product roadmap with a heavy dose of generative AI, workflow, and platform spend consolidation. </p>
<p>At the 2022 analyst day, subscription revenue guidance moved higher to $11 billion or more in 2024 and $16 billion or more in 2026. Additionally, operating margin guidance moved higher to 27% in 2024 vs. 26.5% at the 2021 analyst day while free cash flow margin was maintained at 33%. </p>
<p>Given incremental macro pressure as well as FX headwinds over the past year, the analysts believe most investors think the 2024 revenue guide will move back down to $10 billion for 2024 with free cash flow margins likely in the 31-32% range.</p>

NYSE:NOW