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
€121.86
-2.790%
Currently there is a rather positive sentiment for ServiceNow Inc. with 86 Buy predictions and 7 Sell predictions.
As a result the target price of 193 € shows a very positive potential of 58.38% compared to the current price of 121.86 € for ServiceNow Inc..
