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Software stocks have sold off on ‘DOGE’ fears and more. Is it time to get back into the sector? - MarketWatch

1. ServiceNow shares down 21% YTD amidst tech sell-offs. 2. Analysts see potential long-term benefits despite short-term federal customer risks. 3. Many software firms may benefit from efficiency as fewer employees use software. 4. ServiceNow's stock seen as rare discount with 'next Microsoft' potential. 5. Bernstein cautious on Salesforce, citing slowing organic revenue growth.

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FAQ

Why Bullish?

Despite current challenges, analysts project ServiceNow's long-term viability and upside potential. Historical patterns show stocks recover after initial downturns.

How important is it?

The article's insights align with ongoing trends affecting NOW, making it relevant for investors considering entry points.

Why Long Term?

Analysts expect ServiceNow to benefit as companies adapt to using productivity software long-term. Similar recoveries were noted post-recession for strong tech players.

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