Service Now (NOW) : Screaming BUY or Rightly SOLD Off?

Service Now is screaming Buy to me but I am afraid the fear around the SaaSpocalypse will keep it down moving forward. Am I overthinking this?

Total Revenue (Q1 2026) | $3.770B | +22% |

| Subscription Revenue (Q1 2026) | $3.671B | +22%

| RPO (Q4 2025) | $28.2B | +26.5% |

| cRPO (Q4 2025) | $12.85B | +25% |

| Free Cash Flow (FY 2025) | $4.58B | +34% |

| Deals > $1M ACV (Q4 2025) | 244 | +40% |

Consistent revenue growth, elite gross margins and an expanding cash flow, massive backlog, deep moat…

Checks all the boxes for a potential long term compounder, and A.I. should HELP it grow NOT hinder it!

So, am I overthinking by hesitating to buy right now? What are Your thoughts? Thanks.