Why ServiceNow Stock Was Slipping Today
Shares of ServiceNow (NYSE: NOW) were pulling back today after disappointing results from Pegasystems (NASDAQ: PEGA), a small-cap enterprise automation software company, seemed to confirm a concerning trend for ServiceNow, that customers were delaying software orders as they spend on AI.
As of 12:44 p.m. ET, ServiceNow was down 5.9%, while Pegasystems had lost 16.2%, and the iShares Expanded-Tech Software ETF, which tracks top software stocks like ServiceNow, was down 2.7%, showing software stocks were down broadly even as the major indexes were flat.
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Source Fool.com
ServiceNow Inc. Stock
€93.82
-1.700%
The stock is one of the favorites of our community with 118 Buy predictions and 4 Sell predictions.
With a target price of 131 € there is a positive potential of 39.63% for ServiceNow Inc. compared to the current price of 93.82 €.
