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Is ServiceNow Stock a Buy?

TheMotleyFool

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Is ServiceNow Stock a Buy?: https://g.foolcdn.com/editorial/images/718235/woman-tablet-window.jpg

ServiceNow's (NYSE: NOW) stock rose 3% on Jan. 26 after the cloud-based digital workflow services provider posted its fourth-quarter earnings report. Its revenue rose 20% year over year to $1.94 billion, which matched analysts' expectations, while its adjusted earnings increased 56% to $2.28 per share and cleared analysts' estimates by $0.26.

Those headline numbers seem sound, but is ServiceNow still a worthwhile investment in this challenging market for high-growth tech stocks? Let's review its growth rates, near-term challenges, and valuations to decide.

Image source: Getty Images.

Source Fool.com

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