12:50 PM EDT, 04/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target price to $982 from $1,242, switching to a P/FCF multiple of 48x our 2025 free cash flow estimate of $4.2B, above its three-year average and peer group mean on NOW's market leadership in the enterprise software category and rising AI monetization. We lower our 2025 EPS projection to $16.59 from $16.78, and our 2026 EPS view to $19.93 from $20.43. Our adjustments reflect economic headwinds in the near term that NOW will have to navigate from broader macro uncertainty that could impact the pace of enterprise IT spend. We see the potential for longer approval cycles and reduced deal sizes. Despite increased challenges, we maintain a positive longer-term view of the company, emphasizing the company's record of strong execution, growing number of products to monetize the AI opportunity, and the high value and ROI of its core business solutions that will keep demand resilient relative to smaller competitors.

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