ServiceNow Has Fallen 45%, Wall Street Says Buy Now

Benchmark initiated coverage of ServiceNow (NYSE: NOW) with a Buy rating and a $125 price target, citing a prolonged selloff that creates a compelling entry point for long-term investors. The call reflects analyst optimism but is likely to produce only a modest, stock-specific reaction rather than broader market impact.

Analysis

Benchmark initiated coverage of ServiceNow (NYSE: NOW) with a Buy rating and a $125 price target, citing a prolonged selloff that creates a compelling entry point for long-term investors. The call reflects analyst optimism but is likely to produce only a modest, stock-specific reaction rather than broader market impact.