ServiceNow has been roiled in recent market moves, with shares sliding on several occasions and gaining on others. These fluctuations have been the result of a flurry of analyst downgrades due to concerns about the efficacy of the AI technology being utilized by the company. However, the stock was deemed a 'Moderate Buy' by several brokerages on average, remaining strong amidst competitor action. Despite setbacks, ServiceNow's stock held firm where other AI stocks faltered. Analysts’ opinions remain mixed, with Guggenheim downgrading the stock due to potential risks while Needham sees strong future growth. Significant shareholder activity was noted as Empirical Financial Services LLC d.b.a. Empirical Wealth Management and Wealthspire Advisors LLC augmented stock holdings. Calls to 'Buy the Dip' have been widespread, while discussions around the potential of the stock yielding high returns in the future are abundant. Dips in the stock price have raised speculation on it being a good buy opportunity. ServiceNow's AI prowess has been widely recognized, earning the classification of a top AI stock.
Servicenow Stocks News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 14 Jul 2024 13:49:27 GMT -
Rating -2
- Innovation 7
- Information 8
- Rumor -4
