Why AI Stock ServiceNow Got Thumped on Thursday

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 ...