ServiceNow's stock dropped over 30% following disappointing cRPO guidance, even though its Q3 results were strong. The company's valuation fell from 35x to under 24x forward earnings amid concerns about execution risks and sustained growth. While AI monetization shows promise with $1.7 billion in AI ACV, its revenue impact is still early. Despite market worries, the company's business metrics and profit performance remain solid, suggesting a potential buying opportunity after consolidation.
As of Oct 30, 2026 23:31 WIB, ServiceNow (NOW) trades at USD 105.41 on Pluang, down 3.88% in the last day with a market cap of $113.83 billion. Despite the recent sharp drop in stock price mentioned in the article, Pluang data shows a more moderate decline today. Trading volume stands at 75,554,545 shares, with a nearly even split between sell and buy orders, reflecting cautious investor sentiment.
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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 pressu...
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...
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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 ...
