Buy & Sell ServiceNow Inc (NOW) – ServiceNow Inc Price Today

ServiceNow (NOW) stock is trading at $83.00, down 7.58% on the day, amid a significant sector-wide selloff triggered by a UBS downgrade citing AI-driven budget pressures. The stock's technical picture is bearish, with moving averages signaling strong selling pressure, though oversold oscillators suggest a potential near-term bounce. Fundamentally, the company maintains strong profitability with a 77.53% gross margin and has consistently beaten earnings estimates in recent quarters, but trades at premium valuations (P/E 53.33, P/S 7.02).

The outlook is clouded by competitive disruption fears from AI agents, which could pressure enterprise software spending. While analyst consensus remains overwhelmingly bullish (85% Buy ratings) with a $172.65 price target, the recent downgrade highlights a shift in sentiment. Key risks include IT budget reallocation away from traditional software, execution in integrating AI, and maintaining growth at current valuations.