What are Jefferies' expectations for ServiceNow's results?

Jefferies analysts expect strong results exceeding guidance on key subscription metrics, with a potential full-year revenue outlook increase.

Did Jefferies change its rating on NOW stock?

The report did not mention any rating change, focusing instead on optimism about the upcoming results.

Jefferies Expects Strong Q2 Results for ServiceNow, Possible Guidance Raise

Q: How has ServiceNow stock performed year-to-date?

ServiceNow stock has risen about 15% year-to-date, outperforming the S&P 500.

Jefferies analysts expect ServiceNow (NOW) to report strong second-quarter results for 2025, beating guidance on key subscription metrics, and potentially raising its full-year subscription revenue outlook.

July 21, 2026

2 min read

Source: Proactive

Jefferies analysts expect ServiceNow Inc (NYSE:NOW, XETRA:4S0) to report solid second-quarter results for 2025, driven by strong execution early in the quarter. According to the analysts' report, key subscription metrics are likely to exceed guidance, which could prompt management to raise the full-year subscription revenue outlook.

Recommendation Change

The report did not indicate any change in the current rating, but focused on optimism about the upcoming results. The current price target from Jefferies is not mentioned in the summary.

Analyst Rationale

Analysts believe ServiceNow continues to execute its strategy successfully, with strong demand for its digital workflow management platform. Early adoption of artificial intelligence in its products is also boosting growth.

Context

ServiceNow's stock has risen about 15% year-to-date, outperforming the S&P 500. Other analysts have mixed views, but the overall consensus is positive.

What We Conclude

Jefferies' forecasts suggest ServiceNow is well-positioned to deliver strong results, which could support the stock in the near term. Investors are awaiting the official earnings release.

Frequently Asked Questions

The exact date is not specified in the report, but it is expected to be announced in July 2025.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.