ServiceNow Got Hammered by Wall Street After Earnings. Is the Selloff a Gift for Patient Buyers?

ServiceNow shares were hammered after its latest earnings report, prompting at least seven Wall Street firms to trim price targets overnight. The move signals disappointment around the quarter and/or outlook, with analyst revisions adding pressure to the stock. The news is likely to move the individual name meaningfully, but is not broad market-moving.

Analysis

ServiceNow shares were hammered after its latest earnings report, prompting at least seven Wall Street firms to trim price targets overnight. The move signals disappointment around the quarter and/or outlook, with analyst revisions adding pressure to the stock. The news is likely to move the individual name meaningfully, but is not broad market-moving.