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ServiceNow (NYSE:NOW) Trading Down 9.8% on Analyst Downgrade
['Shane Hupp']
Ticker Report
Shares of ServiceNow, Inc. (NYSE:NOW – Get Free Report) fell 9.8% on Thursday after Macquarie lowered their price target on the stock from $172.00 to $140.00.
TD Cowen reiterated a “buy” rating on shares of ServiceNow in a research note on Tuesday, January 20th.
Finally, Zacks Research downgraded ServiceNow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th.
Positive Sentiment: ServiceNow expanded AI partnerships (Anthropic, OpenAI) and positioned Now Assist as a growth driver — evidence management is monetizing generative AI across customers.
ServiceNow Stock Down 9.8%The company has a 50 day moving average of $151.58 and a 200-day moving average of $171.79.