Why ServiceNow Stock Lagged the Market on Monday

Company Overview - ServiceNow stock experienced a price target cut from analyst Joel Fishbein of Truist Securities, reducing the fair value assessment by $150 to$950 per share while maintaining a hold recommendation [2] - This marks the second price target reduction within a week, following a similar cut by Rob Oliver of Baird, who lowered his target from $1,200 to$1,010 while keeping an outperform recommendation [4] Industry Context - The price target reductions are part of a broader analysis of the infrastructure and security software segments within the tech industry, which are facing downward pressure due to uncertainty over policy decisions from the Trump administration [3] - The uncertainty is particularly impactful as government clients are significant for companies in these sectors, leading to cuts in earnings estimates [3] Analyst Sentiment - There is a divergence in analyst sentiment, with one analyst leaning towards a more bullish outlook on ServiceNow, suggesting the company can withstand potential business impacts from the prevailing uncertainty [5]