ServiceNow's stock dropped almost 18% in premarket trading following its third-quarter results, which showed revenue beating expectations but earnings falling short. This decline could be the largest percentage drop in the company's history if it holds through the trading day. Despite the sharp fall, JPMorgan analysts see potential for the stock to rise over time, suggesting confidence in the company's long-term prospects. Investors should watch how the stock performs in regular trading and consider the mixed financial signals.
ServiceNow's stock is trading at USD 123.34 on Pluang as of Oct 29, 2026 17:01 WIB, down 17.84% for the day, nearing its 52-week low of USD 83.00 and well below its 52-week high of USD 186.94. This sharp decline contrasts with the typical hold time of 56 days on Pluang and a strong sell sentiment with 93% of orders being sell. The current market activity highlights significant investor caution despite JPMorgan's optimistic outlook.
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