Movement Alert｜ServiceNow Intraday Decline 3.27%, post-earnings AI monetization concerns and target cuts continue to weigh

Market Focus10-30

On October 30, ServiceNow fell 3.27% in Regular Trading, trading at $106.19 per share, with turnover of $1.09 billion.

The move followed continued fallout from its recent quarterly report, as investors focused on softer bookings-related guidance, limited near-term AI monetization impact, and a fresh price-target reduction by BNP Paribas to $143 from $160.

Recent disclosures showed third-quarter adjusted EPS of $1.00, below the $1.02 consensus, on revenue of $4.11 billion versus expectations of $4.09 billion. More importantly, fourth-quarter current remaining performance obligations growth guidance of 18.5% in constant currency was viewed as weaker than investors expected, while analysts noted AI net new annual contract value grew 65% year over year but remained too small to materially change overall growth yet. Earlier price-target cuts from several brokerages and bearish options positioning added to the cautious tone.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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