Finbold
29 Oct 2026, 13:47 UTC · 1h ago
Analysts revise ServiceNow stock price target after Q3 earnings
Impact · against what's priced in
ServiceNow's sharp price drop reflects a market shift toward the bear case that the price previously refused to pay for, specifically regarding margin impairment or growth deceleration. For Google, the price already reflects the lowest analyst targets, making the updated slashes largely redundant.
- NOW−0.70
Challenges what's priced in
- The price assumes
The bear case that acquisition amortization permanently impairs operating margins, which would drive the stock 20% lower to the $110 target.
The stock's 18.70% plunge to $122.06 and Keybanc's $110 price target suggest the market is now pricing in the bearish margin and growth scenarios it previously declined.
What NOW's price assumes · Sep 3
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