Reported 1 day ago
ServiceNow's share price declined over 3% after two analysts, Brad Zelnick from Deutsche Bank and Derrick Wood from TD Cowen, reduced their price targets for the stock from $1,300 to $1,050 and from $1,300 to $1,100, respectively, both maintaining a buy recommendation. Concerns around potential reductions in government contracts due to cost-cutting initiatives by the Trump administration have contributed to market anxiety ahead of the company's upcoming earnings release.
Source: YAHOO