Is NOW the time?

ServiceNow is a high-quality compounder that has seen a significant drawdown. The company has strong fundamentals, including 100% recurring revenue, a high client renewal rate, and a high net expansion rate. The author believes that the stock could double in value over the next five years if the company can continue to grow its revenues at a 16% CAGR. However, there are also risks to consider, such as the company's high valuation and the increasing competition in the space.