1 Growth Stock Down 22% to Buy Right Now
(NYSE: NOW), a provider of cloud-based digital workflow services, saw its stock close at a record high of $1,170.39 on Jan. 28, 2025. That 6,402% gain from its initial public offering (IPO) price of $18 in 2012 would have turned a $1,000 investment into just over $65,000.
But as of this writing, ServiceNow's stock trades at $907 a share. It retreated 22% even as it repeatedly topped analysts' expectations, raised its guidance, and secured new artificial intelligence (AI)-oriented deals. Let's see why its stock retreated -- and why that pullback is a good buying opportunity.
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Source Fool.com
ServiceNow Inc. Stock
€737.00
-0.950%
Currently there is a rather positive sentiment for ServiceNow Inc. with 81 Buy predictions and 5 Sell predictions.
As a result the target price of 976 € shows a positive potential of 32.43% compared to the current price of 737.0 € for ServiceNow Inc..
