NOW#45
Thesis
NOW sell-off overdone; massive enterprise ACV growth (22% YoY) with 600+ $5M+ customers proves platform stickiness
By @ParadisLabs · View post ↗
Original post text
$NOW sell-off seems way too aggressive. 600+ customers with ACV over $5M (grew 22% YoY). Multi-year deals that big don't get signed if platform is disrupted.
🐂 Bull Case
- Revenue growth (0.221) accelerates on AI/optical demand — PT +20-30%
- Price above SMA50 (98.9), Weinstein stage 1 — momentum intact
- Institutional inflows + sector rotation favors AI supply chain names
🐻 Bear Case
- RSI 68.7 — overbought risk, near-term pullback possible
- PE (72.39521) elevated; any guide-down triggers de-risking
- Gross margin (0.76562) compression risk if competitive pressure rises
🚫 Invalidation
Close below SMA200 (140.5) on above-average volume
Break Conditions
- Price closes below SMA200 (140.5) on weekly timeframe
- Revenue growth turns negative for 2+ consecutive quarters
Price Tracking
| Label | Ticker | Price | Recorded |
|---|---|---|---|
| t0 | NOW | $102.13 | 2026-05-26 11:37:15 |
| t+1d | NOW | $— | 2026-05-26 11:37:15 |
| t+2d | NOW | $— | 2026-05-26 11:37:15 |
| t+3d | NOW | $— | 2026-05-26 11:37:15 |
| t+7d | NOW | $— | 2026-05-26 11:37:15 |
| t+30d | NOW | $— | 2026-05-26 11:37:15 |
| t+3d | NOW | $120.99 | 2026-06-04 18:35:55 |
Metadata
T0 Price: $102.13
Created: 2026-05-26 11:35:50
Scored: 2026-06-04T18:35:13.135033+00:00
Updated: 2026-06-04T18:35:55.615221+00:00