BUZZ- ServiceNow falls after BMO trims PT on potential reduction in federal contracts

Reuters
04-04
埃森哲-0.12%盘后

** Brokerage BMO Capital Markets cuts PT on digital workflow company ServiceNow NOW.N to $990 from $1,185, rating remains unchanged at "outperform"

** Shares of NOW fall 4.3% to $739.08

** Brokerage flags uncertainties for co surrounding lesser contracts from the U.S. federal government as well as broader risks to global GDP growth from tariffs

** Brokerage believes along with IBM IBM.N and Accenture ACN.N, NOW has high exposure to the U.S. Federal government, which accounts for around 10% of its Annual Contract Value and subscription revenues

** Brokerage says co's Fed business has slowed down in early 2025, which could impact company's subscription revenue growth

** Forty one out of 47 brokerages rate the stock "buy" or higher, 5 rate "hold", 1 rate "strong sell"; their median PT is $1,145 as per data compiled by LSEG

** Including session's move, NOW stock down 30.3% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

no data

没有相关数据

如果下载按钮点击无跳转,请点击右上角菜单选择 “在浏览器打开”