Latest news with #ThomasBlakey
Yahoo
18 hours ago
- Business
- Yahoo
Cantor Reiterates ‘Overweight' on ServiceNow (NOW) Amid Explosive AI Growth
ServiceNow, Inc. (NYSE:) is one of the . On July 28, Cantor Fitzgerald analyst Thomas Blakey reiterated an 'Overweight' rating on the stock with a $1,200.00 price target. The rating affirmation follows ServiceNow's robust Q2 2025 performance. The company reported better-than-expected second-quarter results and also raised its guidance for both third quarter and the full year. It has demonstrated significant momentum in its AI offerings. In particular, its Pro Plus business grew 50% quarter-over-quarter, and Control Tower reached full-year expectations within its first 60 days on the market. The company also managed to secure a $20 million annual contract value Now Assist deal during the second quarter. A Wall Street trading floor, chaotic with activity as traders and financial analysts analyze the company's impact on the markets. 'ServiceNow reported an impressive 2Q25 in a volatile software tape, with beat-and-raises across the board. Success in larger deals and expansions continues, with deals over $20M ACV growing 30% y/y, and adjacent market efforts in CRM and Data (Fabric, Raptor DB) continue to show promise with numerous positive data points (more below). AI Control Tower already exceeded NNACV expectations for the full year 60 days since the product was released and Now Assist closed its largest deal to date with over $20M in ACV. We view ServiceNow as one of the best-positioned software businesses to execute on the massive AI opportunity ahead across a UI, agent, and data perspective. With this view we reiterate our OW rating and maintain our $1,200 PT, implying 16x CY26 EV/Revenue, a slight premium to its one-year average supported by the company's pole position in AI supported by 2Q25 momentum.' While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why AI Stock ServiceNow Was Cruising Higher on Monday
Key Points An analyst published a rather positive new take on the company following its second-quarter earnings report. He reiterated his buy recommendation and maintained his lofty price target. 10 stocks we like better than ServiceNow › A new, bullish analyst note was a key catalyst for ServiceNow (NYSE: NOW) stock's lift as the trading week kicked off on Monday. The specialized tech company's shares were nearly 2% higher in value during mid-session action, contrasting well with the slight dip of the S&P 500 index at that point. Plenty of fuel for optimism, says prognosticator ServiceNow, a business process solutions specialist that has eagerly embraced artificial intelligence (AI) technology, was the subject of an update from Cantor Fitzgerald pundit Thomas Blakey. Before market open Monday, Blakey reiterated his overweight (buy, in other words) recommendation on ServiceNow. He also held fast to his $1,200-per-share price target, which is almost 22% above the stock's current level. According to reports, the analyst's new take is based largely on the second-quarter results ServiceNow published late last week. Blakey waxed bullish about the take-up of the company's agentic AI products, such as Control Tower, and he feels that management's raised guidance for the third quarter is conservative, given the momentum of those products. Public- and private-sector business Despite the estimates-topping quarter and the raised guidance, some investors are wary of ServiceNow because of its considerable work for the federal government. They worry that cutbacks in federal spending will put quite a dent in this business. Addressing that, Blakey wrote in his new note that the company hasn't suffered from this yet and if it does in the future, it should be able to adjust (presumably with increased take-up from private-sector clients). Should you invest $1,000 in ServiceNow right now? Before you buy stock in ServiceNow, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ServiceNow wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ServiceNow. The Motley Fool has a disclosure policy. Why AI Stock ServiceNow Was Cruising Higher on Monday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Cantor Reaffirms Buy on Snowflake (SNOW), Cites Strong Summit and Growth Outlook
Snowflake Inc. (NYSE:SNOW) ranks among the . Cantor Fitzgerald reaffirmed its Overweight rating and $242 price target for Snowflake Inc. (NYSE:SNOW) on June 9. Cantor's Thomas Blakey emphasized the company's solid positioning after the Snowflake Summit 2025 in San Francisco. At the event, Snowflake Inc. (NYSE:SNOW) demonstrated its significance in enterprise data stacks. Although the effects of AI now appear to be minor, discussions have raised the possibility of short-term adjustments. One strategic step to expand Snowflake's product line is the acquisition of Crunchy Data, a PostgreSQL-focused business. Snowflake's go-to-market approach, which now seems more targeted, also impressed analysts. The company's shares seem to be valued at a premium due to its ongoing pace in growing its core cloud data warehouse and its potential in additional product areas, which are still in their infancy. Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure, and Google Cloud. It also provides Snowflake Cortex with a set of AI capabilities that employ large language models to analyze unstructured data. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
ServiceNow (NOW) Stock Pullback May Be Temporary, Analyst Remains Confident
ServiceNow, Inc. (NYSE:NOW) is one of the . On July 21, Cantor Fitzgerald analyst Thomas Blakey reiterated an Overweight rating on the stock with a $1,200.00 price target. The rating affirmation came ahead of the company's earnings report on July 23rd, 2025. According to the firm, it had viewed ServiceNow's shares positively earlier this week based on favorable checks. However, the shares may be subject to short selling activity following the recent outperformance. The firm believes that this is likely to be a short-term move instead of a reflection of valuation concerns. Upcoming earnings report is anticipated to serve ServiceNow positively, reflecting mitigated risks in the federal sector. Moreover, the company's 'Now Assist starter packs' is likely to drive more Pro Plus upgrades and adoption, which will drive positive momentum for the company. A financial analyst sitting in a trading floor, tracking the leading markets. ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Cantor Fitzgerald Turns More Bullish on Microsoft (MSFT) Ahead of Q4 Earnings
Microsoft Corporation (NASDAQ:) is one of the . On July 16, Cantor Fitzgerald analyst Thomas Blakey raised the price target on the stock to $581.00 (from $512.00) while maintaining an 'Overweight' rating. The firm is bullish on the stock ahead of earnings on July 30. Analysts at the firm said that Microsoft is on track for another round of robust results as it approaches its fiscal fourth-quarter earnings. The two main sources of growth for the tech giant are its artificial intelligence strength and spending on cloud computing among commercial clients. In an investor note, the analysts highlighted how it doesn't expect Microsoft to surprise investors like last quarter, particularly since the economy is still weak. However, momentum looks robust as identified by recent checks, which show positive signs for the near future and the second half of 2025. drserg / 'We are raising our PT to $581 (from $512), or 12.5x C26 revenue which is a premium to MSFT one-year NTM [next twelve months] average given recent acceleration in Azure and Microsoft's positioning as a leading agentic AI platform with checks indicating positive momentum to continue in 2HC25.' Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
