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Why ServiceNow Stock Was Drifting Lower Today

TheMotleyFool 
0 0 24.03.26
Why ServiceNow Stock Was Drifting Lower TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of ServiceNow (NYSE: NOW) were pulling back today, once again as part of a broader sell-off in the software industry in response to a new product from Anthropic, showing that the AI threat is alive and well.

As of 12:08 p.m. ET, ServiceNow stock was down 4.4%, while the iShares Expanded Tech-Software ETF (NYSEMKT: IGV), which tracks the software-as-a-service (SaaS) sector, was down 4%.

Image source: Getty Images.

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Source Fool.com

ServiceNow Inc. Stock

€96.48
1.610%
There is an upward development for ServiceNow Inc. compared to yesterday, with an increase of €1.54 (1.610%).
With 119 Buy predictions and 4 Sell predictions ServiceNow Inc. is one of the favorites of our community.
As a result the target price of 131 € shows a positive potential of 35.78% compared to the current price of 96.48 € for ServiceNow Inc..
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