[Christian Harris]

ServiceNow’s stock (NYSE: NOW) has recently declined, hitting a 14-week low of 986.63 USD, a 5.74% decrease over the past four weeks.

However, the stock has still increased by 22.57% over the last 12 months.

This recent dip can be attributed to a market reaction to ServiceNow’s 2025 subscription revenue growth forecast falling short of investor expectations after their Q4 2024 earnings report.

Additionally, volatility in the broader tech sector, particularly in AI-related stocks due to advancements in open-source AI models, and potential market corrections after significant gains in 2023 and 2024, may also be contributing factors.

Despite this downturn, ServiceNow’s strong Q4 earnings, which topped estimates, suggest underlying business strength.

Several analysts have raised their price targets, indicating confidence in the company’s long-term prospects. Forecasts also predict continued growth for ServiceNow, with the stock price potentially reaching $1,446 by the end of 2025.

Whether now is a good time to buy ServiceNow stock depends on individual investment strategies and risk tolerance.

The current dip might offer a buying opportunity for long-term investors who believe in the company’s growth potential.

However, short-term volatility may persist, and investors should be prepared for potential further declines.

Sources: Trading Economics, MarketScreener

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[Jodie]

I used to use ServiceNow in a previous world and it was actually a pretty solid platform with strong capabilities that our clients appreciated. It also has major alliance partners in the industry pushing it forward, which could be a positive for its future growth.

But I haven’t used it in years so I’m not up to speed on its latest developments. I’ll be interested to see how its stock price fares.

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