ServiceNow Inc (NYSE: NOW) stock suffered a major decline of -12.0% on 5/30/24. The shares closed at $643.29. Moreover, exceptionally high trading volume at 422% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -17.2% during the last week.
Current PriceTarget Research Rating
NOW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ServiceNow has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ServiceNow has a poor Appreciation Score of 20 but a good Power Rating of 85, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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