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Why ServiceNow Stock Was Sliding Today

TheMotleyFool 
0 0 25.09.24
Why ServiceNow Stock Was Sliding 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 sliding today in response to news that a partner firm, Carahsoft Technology, was raided by the FBI yesterday in Virginia.

While the raid on the IT distributor doesn't directly implicate ServiceNow, analysts seem to fear that the investigation could put a dent in ServiceNow's business.

As of 11:11 a.m. ET, the stock was down 2.9%.

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Source Fool.com

ServiceNow Inc. Stock

€96.48
1.610%
ServiceNow Inc. gained 1.610% today.
The stock is one of the favorites of our community with 119 Buy predictions and 4 Sell predictions.
With a target price of 131 € there is a positive potential of 35.78% for ServiceNow Inc. compared to the current price of 96.48 €.
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