ServiceNow stock dropped 8% after $2.85 billion acquisition, investors concerned about ROI

From Nasdaq: 2025-03-10 18:31:53

ServiceNow (NOW) saw a steep 8% decline in its stock on Monday after announcing a $2.85 billion acquisition of Moveworks, an AI solutions developer. This move aims to enhance employee engagement and productivity through AI technology integration. However, investors may have concerns about the hefty price tag and the potential return on investment in the competitive AI market. The Motley Fool’s Stock Advisor team has identified 10 top stocks for investment, but ServiceNow did not make the list, prompting investors to consider other opportunities for potential returns.



Read more at Nasdaq: Why ServiceNow Stock Tumbled by Almost 8% Today