ServiceNow (NOW) Shares Down 50.9% Over Past Year

AI Summary

ServiceNow, Inc. (NOW) shares have decreased by 50.9% over the past year and 32% year-to-date. Bank of America reinstated coverage on May 19th, issuing a price target of $130 and a Buy rating. The company's operating margin was reported at 33.5%, with EPS increasing by 30% year-over-year and cRPO growing by 20.5%. While shares have seen a 14.5% increase since May 13th, concerns about organic growth and market trends in the AI sector continue to exert bearish pressure on the stock.