For the second time in as many days, ServiceNow (NOW -3.04%) was hit with an analyst price target cut on Thursday. That quick one-two blow leeched sentiment on the next-generation business process solutions developer, and its share price fell by more than 3%. The S&P 500 (^GSPC 0.13%), meanwhile, landed in positive territory with a slight (0.1%) gain.A bad dog?The Thursday cut was delivered by Deutsche Bank's Brad Zelnick. He reduced his fair-value assessment of ServiceNow's equity to $1,050 per share, quit ...

The upcoming report from ServiceNow (NOW) is expected to reveal quarterly earnings of $3.79 per share, indicating an increase of 11.1% compared to the year-ago period. Analysts forecast revenues of $3.08 billion, representing an increase of 18.4% year over year.The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a ...

My last article about ServiceNow (NYSE: NOW ) (NEOE: NOWS:CA ) on January 21, 2025, downgraded the company to a hold due to short-term valuation concerns. Shortly after I made that call, the stock dropped 27.20%, compared to the S&PI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravi ...

Core Viewpoint - ServiceNow's stock is experiencing upward movement despite recent price target reductions from two investment firms, indicating investor confidence in the company's potential for growth [1][2][3]. Group 1: Analyst Updates - Oppenheimer has lowered its price target for ServiceNow from $1,200 to $970 per share, citing expectations for solid Q1 reports that may exceed Wall Street's forecasts, but also noting macroeconomic and geopolitical risks that could weaken demand in the enterprise software market [2]. - Bank of America has reduced its price target from $1,280 to $1,025 per share while maintaining an outperform rating, expecting year-over-year growth for remaining performance obligations (RPO) in Q1 to align with a previous target of 20.5% [3]. - Bank of America has also adjusted its full-year RPO growth target from 21% to 19.5% on a constant-currency basis due to a softer demand outlook [3]. Group 2: Market Potential - Oppenheimer's new price target suggests an upside potential of approximately 19% for ServiceNow's stock [4]. - Achieving Bank of America's revised target would imply a potential increase of around 26% from the current valuation level [4]. Group 3: Risks and Strengths - Macroeconomic and geopolitical risks may pose challenges for ServiceNow, potentially affecting its valuation and the broader market [5]. - Despite these risks, the company's strength in enterprise artificial intelligence (AI) software positions it as a potential long-term winner in the market [5].

For Immediate ReleasesChicago, IL – April 15, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ServiceNow (NOW) , Alphabet (GOOGL) , NVIDIA (NVDA) and DXC Technology (DXC) .Here are highlights from Tuesday’s Analyst Blog:ServiceNow shares have plunged 25.9% year to date, underperforming both the Zacks Computer & Te ...

ServiceNow (NOW) shares have plunged 25.9% year to date, underperforming both the Zacks Computer & Technology sector and the Zacks Computers – IT Services industry’s decline of 14.4% and 18.9%, respectively.NOW shares have suffered from a worsening macroeconomic environment following U.S. President Donald Trump’s decision to levy tariffs on trading partners, including China and Mexico. The company’s federal business is expected to suffer from DOGE related issues. ServiceNow expects unfavorable forex impact ...

3CLogic Unveils Groundbreaking Integration with ServiceNow to Transform Voice-Driven Self-Service, Enhancing Employee and Customer Experience, Boosting Efficiency, and Reducing Operational Costs ROCKVILLE, Md., April 14, 2025 /PRNewswire/ -- 3CLogic, the AI-powered contact center solution provider built for ServiceNow®, and ServiceNow (NYSE: NOW), the AI platform for business transformation, have expanded their successful partnership to deliver a groundbreaking, end-to-end AI-powered solution for both emplo ...

Core Viewpoint - ServiceNow's stock experienced a significant decline due to a price target reduction by an analyst, amidst a generally negative market sentiment [1][2]. Group 1: Analyst Insights - Kash Rangan from Goldman Sachs lowered his fair value assessment for ServiceNow to $1,050 per share, a decrease of $150 from the previous target, while still maintaining a buy recommendation [2]. - Rangan's adjustment is based on expectations of potential impacts on ServiceNow's fundamentals in the second quarter and throughout the year, particularly due to its substantial business with public-sector clients affected by government downsizing [3]. Group 2: Market Reaction and Valuation - The stock price of ServiceNow fell by over 5% in a single day, reflecting aggressive selling by investors, which Rangan suggests may present a buying opportunity given the current valuations [1][4]. - Despite the recent downturn, Rangan remains optimistic about ServiceNow's efforts to integrate artificial intelligence functionalities into its offerings, which could enhance its market position [4]. Group 3: Upcoming Developments - ServiceNow is scheduled to report its first-quarter results on April 23, which will provide further insights into the company's performance and validate the analyst's outlook [5].

ServiceNow, Inc NOW is one of the weaker performers in Goldman Sachs analyst Kash Rangan’s coverage group.Rangan maintained a Buy rating on the company and lowered his price target to $1,050 ($1,200 prior) on Thursday.ServiceNow has been one of the weaker performers in Rangan’s coverage group year-to-date (-22% versus coverage average -14%) as investors grapple with sub-20% fiscal 2025 guidance, the potential rationalization of PubSec IT spending, and knock-on effects from tariff policy volatility. Regardin ...

Core Points - NowVertical Group Inc. has been awarded the 2025 Google Cloud Data & Analytics Partner of the Year for Latin America, highlighting its exceptional capabilities on the Google Cloud Platform [1][2] - The award recognizes NowVertical's ability to deliver innovative solutions and high-level expertise, creating significant value for customers [2] - The recognition is seen as a milestone for NowVertical, establishing it as a trusted partner for enterprises aiming to leverage their data effectively [3] Company Overview - NowVertical is a global data and analytics company that transforms data into tangible business value using AI, enabling clients to harness their data's full potential [5] - The company offers a comprehensive suite of solutions and services that drive measurable outcomes and accelerate potential return on investment for enterprises [5] - NowVertical is focused on organic growth and strategic acquisitions to enhance its market position [5] Market Positioning - Being named Partner of the Year opens new client opportunities and reinforces NowVertical's capability to deliver advanced data solutions at scale [4] - The award positions NowVertical as a trusted partner in AI, analytics, and cloud computing within high-growth markets [4] - The recognition was received at the Google Partner Summit held in Las Vegas on April 8, 2025 [4]