$NOW

$NOW COO/CPO Amit Zavery this past week on the 2030 revenue guide leaving plenty of room for upside: “And I think there are base cases, and I think there's a lot of upside cases… we want to make sure that there's a clarity in terms of where we will definitely be. The $30 billion to $32 billion is our base case, and we'll continue to focus on accelerating more of that going forward… Bill mentioned at the analyst day that he has more expectations.” Leaves a 20% revenue CAGR on the table for a company that has committed to raising FCF margin by 10 points during the same period & trades for 16x forward FCF. They’re also committed to materially cutting back on SBC (so faster GAAP profit growth). If that’s a dinosaur, it’s a T-Rex.