ServiceNow Just Plunged 18% on Earnings. Is This a Once-in-a-Cycle Buying Opportunity?

ServiceNow shares plunged roughly 18% after its Q1 2026 earnings triggered a wave of Wall Street price target cuts. The move points to a sharp reassessment of the company’s growth outlook and near-term fundamentals, with analysts turning more cautious on the stock. The reaction is material for the individual name but not likely to have broad market impact.

Analysis

ServiceNow shares plunged roughly 18% after its Q1 2026 earnings triggered a wave of Wall Street price target cuts. The move points to a sharp reassessment of the company’s growth outlook and near-term fundamentals, with analysts turning more cautious on the stock. The reaction is material for the individual name but not likely to have broad market impact.