Salesforce shines in KeyBanc’s 2025 outlook, Amplitude among top picks

KeyBanc Capital Markets adjusts 2025 software stock outlook, favoring Salesforce and Amplitude while downgrading ServiceNow and Monday.com due to competitive risks and guidance concerns.

ServiceNow stock is the new Best Idea for 2025 at TD Cowen

ServiceNow has been identified as a top investment for 2025 by TD Cowen, highlighting its AI growth potential and innovative products, with increased price targets and revenue projections.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.69%

U.S. stocks rose post-Wednesday close, with technology and consumer services sectors leading gains; Salesforce, NVIDIA, and Amazon saw notable increases.

Scotiabank initiates coverage on 13 software companies

Scotiabank covered 13 software companies, highlighting the significance of AI strategies for success amid market fluctuations, with several having positive price targets and growth outlooks.

Cloud software groups recovering heading into the end of 2024, Wells Fargo says

Cloud software providers, notably ServiceNow, are poised for a spending recovery driven by AI, while Salesforce faces challenges in demonstrating comparable growth.

Pearson gains as nine-month update posts broad-based growth and AI push

Pearson reports strong sales growth, particularly in Higher Education, with a positive outlook supported by key partnerships and financial maneuvers, despite earlier challenges in virtual learning.

5 big analyst AI moves: Apple downgraded; Microsoft pullback an opportunity

Earnings call: ServiceNow reports robust Q3 growth, raises 2024 outlook

ServiceNow reported Q3 2024 revenue of $2.715 billion, a 22.5% increase, raising its full-year forecast and emphasizing innovation and strong demand in enterprise digital workflows.

After-hours movers: Tesla, Lam Research, IBM and more

Tesla and Lam Research saw stock increases post-earnings, while TeraWulf, Align Technology, IBM, and ServiceNow experienced declines amidst mixed results and guidance.

ServiceNow lifts annual guidance after Q3 results beat analyst estimates

ServiceNow beat Q3 expectations, raising full-year guidance with Q3 earnings of $3.72 EPS on $2.79B revenue; forecasts Q4 subscription revenue between $2.875B and $2.880B.