ServiceNow shares have observed mixed reactions from investors due to a range of factors. While a
disappointment in earnings and a subdued outlook for 2025 resulted in a
stock plunge,
growth in AI and
stock investment by various entities offer long-term positivity. The
stock target bounced between major financial institutions, with Bernstein setting it at $1,021 and Citi maintaining a $1,432 target. The newly formed
alliance with Oracle hinted at a game-changing strategy for enterprise data sharing. Analysts like Jim Cramer advised buying the dip, signaling bullish sentiments. However,
subscription revenue miss impacted the stock negatively.
AI demand stays strong, and the company planned growth drivers beyond AI. Opinions about investment vary as China Universal Asset Management sold its shares and other companies such as Sumitomo Life Insurance, Highland Capital Management, and Bensler LLC made significant new investments. Despite the fluctuations,
ServiceNow's stock touched an
all-time high of $1159.67.
Servicenow Stocks News Analytics from Fri, 29 Nov 2024 08:00:00 GMT to Sat, 01 Feb 2025 18:38:53 GMT -
Rating 2
- Innovation 2
- Information 5
- Rumor -6
