RBC analysts Matthew Hedberg and Ross MacMillan, in a research note, called the stock as a "must own" in software, following a recent meeting with ServiceNow executives.
2014 and 2015 Wall Street revenue "estimates appear conservative, and we believe the path to $4 billion-plus in revenue by 2020 is convincing," they wrote of the company, which posted revenue of $425 million in 2013. "With little innovative competition, we believe share gains and cross-sell can maintain the growth story that is also showing strong margin/free cash flow improvements."
The analysts said ServiceNow is on "a clear path to a much larger company," and expects to have 50% of the Global 2000 enterprise companies as customers by 2020.
After what was considered the mother of all lock up expiration share Tsunami, as one idiot analyst called it, flooding the market, the stock went up over 25% in the days immediately after that "apocalyptic" event.
Keep in mind that Softbank, Yahoo, and Mr.Ma own a combined total of 58% and they're not selling on the lockup expiration date. All of the hedge funds who unloaded two months ago are going to be jumping right back in once this artificial overhang to stock price is gone.
So all you scared tards expecting BABA to tank on lock up expiry are in for a very big surprise!