ServiceNow (NOW) Climbs 5.6% on Bargain-Hunting After Near Low

ServiceNow Inc. (NYSE:NOW) is one of the 10 Stocks Leaving the Market in the Dust Today.

ServiceNow jumped by 5.59 percent on Monday to close at $104.97 apiece, as investors resorted to bargain-hunting after the previous session’s fall to be just a few cents shy of its 52-week low.

Last Friday, ServiceNow Inc. (NYSE:NOW) fell to $98.34, or just 34-cents shy of its 52-week low of $98, after tracking last week’s broader market pessimism.

Photo by Yan Krukov on Pexels

Further dragging sentiment were uncertainties on the ongoing tensions in the Middle East, as investors turned more cautious about its impact on the global economy.

In other news, ServiceNow Inc. (NYSE:NOW) last week maintained its “outperform” rating from FBN Securities, despite its price target being lowered by 27 percent to $160 from $220 previously.

In other news, the company deepened its partnership with Carahsoft Technology Corp. for the integration of the ServiceNow platform into the former’s full reseller ecosystem.

“By making ServiceNow available through their reseller ecosystem, across government and now into healthcare, financial services, and critical infrastructure, we’re meeting customers where they already are,” said Michael Park, SVP for Global Partnerships and Channels at ServiceNow Inc. (NYSE:NOW).

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