ServiceNow Shares Drop 18% After Earnings Despite Strong Revenue Growth

ServiceNow (NOW) shares fell 18% following earnings, driven by geopolitical deal slippage in the Middle East, despite a 22% year-over-year increase in subscription revenue to $3.67 billion and $2 billion in free cash flow. Seven Wall Street firms reduced price targets on NOW stock, though most maintained Buy ratings, suggesting the selloff may be an overreaction.

By David Moadel Thu, April 23, 2026 at 7:41 PM GMT+3 4 min read · Yahoo Finance ·

ServiceNow Shares Drop 18% After Earnings Despite Strong Revenue Growth

Tickers: $NOW

Topics: AI traction analyst price target changes geopolitical deal slippage ServiceNow earnings stock selloff

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