
ServiceNow Stock Slides Despite Solid Q3 â Is the Dip a Buying Opportunity?
âĒBy ADMIN
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Enterpriseâsoftware leader ServiceNow, Inc. (tickerâŊNOW) posted an impressive third quarter: revenue growth of around 20âŊ% and a raised fullâyear outlook. Yet the stock fell roughly 12.8âŊ%. Why such a move? Investors appear concerned about the lofty valuation and whether the current economic backdrop will dampen enterprise spending. Still, some market watchers argue the sharp pullback may present a bargain for longâterm believers: solid fundamentals, healthy growth and an upgraded forecast suggest the drop might be premature.
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