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ServiceNow stock plunges 30% in a month after mixed Q3 results and growth concerns.

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10 Nov 2026, 22:02 WIB
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Bearish
ServiceNow stock plunges 30% in a month after mixed Q3 results and growth concerns.

ServiceNow's stock dropped 30% in the past month following its Q3 2026 report, which showed revenue growth but missed earnings expectations. The company faced margin pressure due to acquisition costs and raised concerns about slowing growth in Q4. Despite the selloff, ServiceNow's strong contract backlog, high renewal rates, and expanding AI business support bullish views. The stock trades at a forward P/E of 21, with Wall Street mostly optimistic, but risks remain from integration challenges and pricing pressures. Investors await Q4 subscription revenue and 2027 growth trends to clarify the outlook.

As of Nov 11, 2026 03:11 WIB, ServiceNow (NOW) trades at USD 98.20, significantly below its 52-week high of USD 173.45 but above its 52-week low of USD 83.00 on Pluang. The stock's 1-day decline of 4.44% contrasts with a typical hold time of 57 days, indicating some investors may be reacting quickly to recent earnings news. Despite the recent drop, Pluang order activity shows a strong 82% buy interest, suggesting ongoing confidence among many platform users.

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