Jul 8, 12:57 PM

ServiceNow Downgraded to 'Sell' by Guggenheim on Subscription Growth Concerns, $640 PT

ServiceNow has been downgraded to 'Sell' by Guggenheim with a price target of $640. The downgrade is based on concerns about future subscription growth and the stock trading at a high valuation. Analysts anticipate an increase in the GenAI business.

#ServiceNow #Guggenheim #GenAI

Written with ChatGPT (GPT-3).

Sources

Markets Today@marketsday
2 years ago
$NOW | Guggenheim Downgrades ServiceNow to "Sell" with $640 PT
Barron's@barronsonline
2 years ago
ServiceNow Stock Is Sliding on a Downgrade to Sell Ahead of Earnings https://t.co/SlNcKpck2o
MarketWatch@MarketWatch
2 years ago
ServiceNow’s stock gets its only ‘sell’ call. Here’s what’s driving it. https://t.co/eIW2QKO9MT

ServiceNow Downgraded to 'Sell' by Guggenheim on Subscription Growth Concerns, $640 PT

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