ServiceNow reported strong Q3-26 earnings with subscription revenues up 20.5% and raised its AI annual contract value guidance to $1.7 billion. Despite beating expectations and growing its recurring revenue, the stock dropped 32% after the earnings release due to market reaction. The analyst remains confident in ServiceNow's long-term prospects and has increased his position, viewing the current valuation as attractive. This highlights a disconnect between strong business fundamentals and short-term market sentiment.
ServiceNow shares are trading at USD 103.66 on Pluang as of Nov 09, 2026 11:11 WIB, down 4.73% in the last day. The stock's market capitalization stands at $105.84 billion, reflecting its significant size in the technology sector. Investors typically hold ServiceNow shares for about 56 days on Pluang, indicating moderate-term interest despite recent volatility.
ServiceNow maintains a Buy rating with a $158 fair value target, suggesting a 48% upside from the current $107 price despite a recent 27% share price decline. The company beat Q3 guidance on subscription revenue, current remaining performance obligat...
Salesforce and ServiceNow both reported strong AI-driven growth but faced stock sell-offs, with ServiceNow dropping 27.58% and Salesforce 6.17%. Salesforce's Agentforce and Data 360 ARR surged over 210%, showing strong customer adoption, while Servic...
ServiceNow is heavily investing in AI adoption, causing rising delivery and partner costs that reduce gross margins from 86% in 2022 to an expected 81% in 2026. Although subscription revenue grows steadily at 21%, the increasing expenses pressure pro...
