10:15 AM EDT, 07/18/2025 (MT Newswires) -- ServiceNow's ( NOW ) Q2 results could demonstrate the diversity of the company's core business and multiple growth drivers, Deutsche Bank said in a Friday note.

Deutsche Bank said it expects ServiceNow ( NOW ) to report a "modest beat-and-raise quarter" as its partner checks indicated that the company had a strong June amid uncertainties and a mixed environment.

"We don't expect 2Q results to meaningfully assuage AI fears," said the investment firm, noting that investors remain concerned over the company's timeline for AI incrementality.

ServiceNow ( NOW ) is set to release its Q2 results on July 23.

Deutsche Bank has a buy rating on ServiceNow ( NOW ) with a $1,150 price target.

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