1. ServiceNow's stock surged 6% premarket following a strong earnings report, indicating its trajectory towards becoming a megacap stock. 2. The company offers a fair entry price at 35x next year's free cash flow, with sustainable +20% premium growth in the medium term. 3. ServiceNow's near-term prospects are robust, with a projected 23% CAGR in 2024, supported by solid revenue growth and innovative AI-driven solutions.