Why AI Stock ServiceNow Flopped on Friday
Business process solutions developer (NYSE: NOW) didn't finish the stock trading week on a high note. The company's share price fell by nearly 3% that day, primarily on news that it will apparently spend a hefty amount on cloud services. This was on a trading session that saw the S 500 (SNPINDEX: ^GSPC) close 0.4% higher.
Towards the end of the trading day on Thursday, Bloomberg reported that ServiceNow has agreed to use the cloud-computing services provided by 's core Google unit.
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Source Fool.com
ServiceNow Inc. Stock
€777.50
-0.850%
Our community is currently high on ServiceNow Inc. with 101 Buy predictions and 5 Sell predictions.
With a target price of 968 € there is a positive potential of 24.5% for ServiceNow Inc. compared to the current price of 777.5 €.
