ServiceNow (NOW) Shares Down 50.9% Over Past Year
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowServiceNow, 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.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ServiceNow Inc. (NOW)
ServiceNow provides a cloud platform that automates IT, employee, and customer workflows for large enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier NOW news
- ServiceNow (NOW) Price Target Set at $85 by KeyBanc
- S&P 500 Futures Fall 0.5% Amidst Mixed Earnings Reports
- S&P 500 Hits All-Time High as Market Rotates in October 2023
- ServiceNow (NOW) stock target cut by Truist over AI concerns
- UBS Downgrades ServiceNow (NOW) Price Target From $170 to $100
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