ServiceNow Got Hammered by Wall Street After Earnings. Is the Selloff a Gift for Patient Buyers?

Quick Read

• ServiceNow (NOW) shares plunged 18% after earnings on geopolitical deal slippage in the Middle East, though subscription revenue climbed 22% year-over-year to $3.67 billion and the company generated $2 billion in free cash flow.

• Seven Wall Street firms cut price targets on NOW stock while maintaining Buy ratings, with Canaccord calling the stock “ridiculously cheap” and Piper Sandler highlighting AI traction from Now Assist aimed at a $1.5 billion annual contract value target.

• It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
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  Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Receive a minimum of $15. Probability of member receiving $3,000 is a probability of 0.026% If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Percentages for the $3,000 are subject to decrease. See full terms and conditions.

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