** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.