Why ServiceNow Stock Was Sliding Today
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%.
Source Fool.com
ServiceNow Inc. Stock
€130.90
-1.910%
Our community is currently high on ServiceNow Inc. with 86 Buy predictions and 6 Sell predictions.
With a target price of 976 € there is potential for a 645.61% increase which would mean more than doubling the current price of 130.9 € for ServiceNow Inc..
