Core Viewpoint - Investors reacted negatively to ServiceNow's stock following a price target cut by an analyst, despite the analyst's overall optimistic outlook for the company [1][2]. Price Target Adjustments - Analyst Rob Oliver from Baird reduced his price target for ServiceNow from $1,200 to $1,010 per share, a significant decrease of $190, while maintaining an outperform (buy) recommendation [2][3]. - Similar adjustments were made by other analysts, such as Allan Verkhovski from Scotiabank, who lowered his fair-value assessment from $1,230 to $1,050, also keeping a buy recommendation [3]. Company Ambitions - ServiceNow's recent $2.85 billion acquisition of AI developer Moveworks reflects the company's ambitious goals and management's commitment to pursuing significant growth opportunities [4].

TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, today announced that it has retained Bristol Capital Ltd. ("Bristol"), a leading investor relations firm specializing in Canadian and U.S. micro- and small-cap companies globally, to provide investor relations and communication services. Bristol has been engaged by the Company for an initial period of 12 months (the "Initial Term"), which will be automati ...

Company Performance - ServiceNow closed at $830, reflecting a -1.53% change from the previous session, underperforming the S&P 500's daily loss of 1.07% [1] - Over the past month, ServiceNow shares have decreased by 14.57%, compared to the Computer and Technology sector's loss of 11.12% and the S&P 500's loss of 7.03% [1] Upcoming Financial Results - ServiceNow is projected to report earnings of $3.78 per share, indicating a year-over-year growth of 10.85% [2] - The Zacks Consensus Estimate for revenue is $3.09 billion, representing an 18.55% increase from the previous year [2] Full Year Estimates - Analysts expect ServiceNow to achieve earnings of $16.24 per share and revenue of $13.04 billion for the full year, marking increases of +16.67% and +18.69% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for ServiceNow are important as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [4] Valuation Metrics - ServiceNow has a Forward P/E ratio of 51.91, significantly higher than the industry average of 21.79, indicating a premium valuation [7] - The company has a PEG ratio of 2.16, compared to the industry average PEG ratio of 2.05 [8] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [9]

ServiceNow (NOW) has strengthened its portfolio with the launch of the Yokohama platform last week. The update brings new AI agents across varied domains, including CRM, HR and IT, delivering enhanced productivity as well as smoother and smarter functioning of workflows. NOW announced the expansion of its Knowledge Graph with advancements to its Common Service Data Model (CSDM), which offers a standardized framework for managing IT and business services. CSDM helps enterprises implement and scale technology ...

Core Viewpoint - ServiceNow's stock experienced a 4% increase following the release of its latest software platform, which enhances AI agent capabilities, positively impacting investor sentiment [1][2]. Group 1: Software Platform Release - ServiceNow launched its new software platform named Yokohama, featuring preconfigured AI agents that allow users to create and manage their own agents [3]. - The new platform enables coordination of thousands of AI agents across various business functions, including customer relationship management, IT, HR, and finance [5]. Group 2: AI Agent Capabilities - AI agents are anticipated to autonomously resolve 80% of customer service issues by 2029, potentially leading to a 30% reduction in operational costs [4]. - The demand for AI solutions that enhance productivity at scale is increasing among enterprise leaders, as stated by ServiceNow's chief product officer [5]. Group 3: Economic Context - The stock price increase may also be attributed to a softer-than-expected inflation report, with the consumer price index rising 2.8% in February, down from 3% in January [6]. - Investors are reacting positively to the inflation news amid concerns over economic stability due to tariff threats from the Trump administration [6][7].

Shares of ServiceNow Inc. (NOW 3.88%) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S&P 500 is up 0.2% and the Nasdaq Composite is up 1%.The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.Agents are comingServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The ...

Core Insights - ServiceNow's stock experienced a significant decline of nearly 8% following the announcement of its acquisition of Moveworks, contrasting with the S&P 500's 2.7% drop [1] - The acquisition deal is valued at $2.85 billion, which will be paid in a mix of cash and stock, although the specific breakdown was not disclosed [2] - The integration of Moveworks' AI technology is expected to enhance ServiceNow's offerings, aiming to improve employee engagement and productivity through advanced AI solutions [3] Acquisition Details - ServiceNow's acquisition of Moveworks is aimed at combining its AI capabilities with Moveworks' front-end AI assistant and search technology [2] - Moveworks has a notable client roster, including companies like Spotify, Broadcom, and Unilever, indicating its strong market presence [3] Market Reaction - The market's negative response to the Moveworks acquisition contrasts with the positive reaction to ServiceNow's previous acquisition of Quality 360, which resulted in a stock price increase [4] - Concerns among investors regarding the high acquisition cost of $2.85 billion, which is nearly equivalent to ServiceNow's projected non-GAAP net income for full-year 2024, have contributed to the stock's decline [5] - There is growing apprehension about the potential returns on heavy investments in AI by tech companies amid the current AI market boom [5]

ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools.ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night. As of June 2021, Moveworks was valued at $2.1 billion. “With the acquisition of Moveworks, ServiceNow will take another giant leap forward in agentic AI-powered business transformation,” ServiceN ...

TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, today announced the next phase of its strategic growth plan, as the benefits of its integration efforts begin to drive tangible results. In addition, NowVertical is pleased to announce that it has entered into debt settlement agreements (the “Agreements”) with certain employees of the Company. Integration and Growth Since its inception, NowVertical has un ...

Core Viewpoint - The article discusses the investment positions and recommendations of The Motley Fool, particularly highlighting ServiceNow as a recommended stock [1] Group 1 - Parkev Tatevosian, CFA, has no position in any of the stocks mentioned in the article [1] - The Motley Fool has positions in and recommends ServiceNow, indicating a positive outlook on the company's performance [1] - The Motley Fool has a disclosure policy regarding its investment recommendations and affiliations [1]