Is ServiceNow (NOW) Offering A Chance After Recent Share Price Weakness
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If you are wondering whether ServiceNow’s current share price still reflects its long term potential, the key question is how that price compares with what the business might actually be worth.
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The stock last closed at US$150.90, with a 1.5% decline over the past week, an 11.6% decline over the past month, a 2.3% gain year to date, a 28.1% decline over the past year and a 91.6% return over three years, alongside a 44.6% return over five years.
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These mixed returns sit against a backdrop of ongoing interest in cloud based workflow and automation platforms, where ServiceNow is a key player. Investors have been weighing that interest against broader sector sentiment and company specific developments, which helps explain some of the…
