$NOW

$NOW at $80: "AI dinosaur. Can just vibe code their apps & interface. Margins will implode on desperate token spend. Everyone is trying to be the AI orchestrator. Seat-based is done. Still not cheap. No growth outlets. What a terrible company." $NOW at $120: "Important AI ecosystem role. Decades of outcome & governance data is the real value... not the interface. Vibe coding is more expensive anyway. Who wants to maintain their own platform? Margin expansion coming. Their scale, ubiquitous integrations, & relevantly broad product suite make them a compelling "AI control tower" player. Successfully shifting away from seat-based. Cheap & estimates probably too low. Security, AI, CRM & data are all growing like weeds. What an interesting company."