From Nasdaq: 2025-04-17 18:14:00

ServiceNow’s stock price fell over 3% after a second analyst cut its price target in as many days. Despite the cuts, both analysts maintained their buy recommendations on the stock. The S&P 500 saw a slight gain of 0.1% on Thursday.

Analysts are concerned about ServiceNow’s upcoming earnings release and its government business, which may be impacted by the Department of Government Efficiency initiative. Despite potential challenges, the company is expected to show year-over-year growth in revenue and profitability.

Investors should consider the long-term potential of ServiceNow, especially with its success in the private sector. The Motley Fool has identified ServiceNow as a stock to watch, although it wasn’t included in their top 10 list.



Read more at Nasdaq: Why AI Stock ServiceNow Got Thumped on Thursday