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ServiceNow shares plunge 18.7% despite strong Q3 revenue growth and bullish analyst ratings.

Analyst Insights
29 Oct 2026, 16:47 WIB
Finbold
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Bearish
ServiceNow shares plunge 18.7% despite strong Q3 revenue growth and bullish analyst ratings.

ServiceNow's stock dropped 18.7% after its Q3 earnings report showed 20% revenue growth to $4.106 billion, slightly beating forecasts. However, earnings per share missed expectations, growing only 5% to $1 versus the $1.02 forecast. The company also signaled a slowdown in contract growth and raised its full-year subscription revenue outlook by a modest $15 million, which contributed to investor concerns. Despite this, Wall Street analysts remain optimistic, rating the stock as a 'Strong Buy' with an average 12-month price target of $165.71, expecting a 38.1% rise from current levels.

ServiceNow shares trade at USD 114.35 on Pluang as of Oct 29, 2026 21:02 WIB, down 23.83% in one day. The stock's market cap is $155.21 billion, with 93% of Pluang orders selling. Investors hold shares for an average of 56 days, reflecting active trading amid recent earnings news.

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