ServiceNow missed earnings expectations in Q3 and lowered its price target to $151, but remains a Strong Buy due to anticipated AI-driven growth starting in 2027. Current AI momentum has yet to boost subscription revenue, and gross margins are pressured by AI investments. However, margin pressure is expected to ease next year, supporting a forecasted 29% earnings growth in fiscal year 2027. Despite trading at a premium, accelerating earnings and subscription growth justify continued confidence in the stock after recent volatility.
ServiceNow (NOW) trades at USD 109.22 on Pluang as of Oct 30, 2026 12:31 WIB, down 0.41% in the past day. Despite recent earnings misses and lowered price targets, the stock holds a substantial market cap of $155.21 billion and sees active trading with over 28 million shares changing hands. The platform shows a nearly balanced order flow with 51% selling and 49% buying, reflecting mixed investor sentiment amid ongoing AI investment pressures.
ServiceNow shares dropped nearly 20% at market open following the company's guidance of slower fourth-quarter current remaining performance obligation (cRPO) growth of about 18.5%, down from 21% in the previous quarter. This outlook came after strong...
Jim Cramer highlighted that weak earnings from one company often lead investors to unfairly sell stocks of stronger competitors, creating buying opportunities. He cited Fortinet's disappointing results dragging down shares of Palo Alto Networks and C...
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 ...
ServiceNow reported Q3 2026 revenue beating estimates but forecasted slower contract revenue growth, causing its stock to fall 19%. Despite raising its AI annual contract value target and expanding AI partnerships, investors are concerned about the s...
ServiceNow's stock has dropped 20% over the past year amid concerns about AI disrupting its enterprise software revenue. Despite a recent earnings miss and lowered growth guidance, Bernstein projects a 75% upside, betting on strong AI-driven revenue ...
