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Will ServiceNow Be Worth More Than Microsoft by 2030?

TheMotleyFool

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Will ServiceNow Be Worth More Than Microsoft by 2030?: https://g.foolcdn.com/editorial/images/701411/woman-working-laptop-phone.jpg

ServiceNow (NYSE: NOW) went public a decade ago at $18 per share. Its stock started trading at $23.16 on the first day, and it eventually rallied to an all-time high of $707.60 last November. At its peak, the cloud-based digital workflow services provider was worth $140 billion -- or 24 times the revenue it would generate in 2021.

Today, ServiceNow's stock trades at about $423 per share with a more modest market cap of $85.4 billion. Just like other richly valued tech stocks, ServiceNow lost some luster as interest rates rose over the past year.

Image source: Getty Images.

Source Fool.com

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