Movement Alert｜ServiceNow Falls 3.02% in Pre-Market Trading, Profit-Taking Continues as Analyst Cuts Target Price and Layoff Plans Emerge

Market Focus

Jul 31

On July 31, ServiceNow fell 3.02% in pre-market trading, trading at $106.84 per share, extending the prior session's decline of over 3%.

Multiple headwinds are weighing on the stock. Following a strong multi-day rally driven by better-than-expected Q2 results — adjusted EPS of $0.90 versus the $0.85 consensus, revenue of $3.987 billion up 24% year-over-year — the stock is now facing profit-taking pressure. Citic Securities recently lowered its target price from $140 to $126, adding to selling momentum. Additionally, reports indicate the company plans to lay off up to 1,000 employees as part of post-acquisition restructuring.

Notably, ServiceNow has significantly underperformed its Systems Software peers in recent sessions. On the prior trading day, Microsoft surged over 14% and NEBIUS gained over 18%, while ServiceNow declined, suggesting active fund rotation away from the stock despite the broader sector strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/1132261006"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1132261006\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1132261006?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-31 19:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1132261006","market":"us","top_or_hot":-1,"title":"Movement Alert｜ServiceNow Falls 3.02% in Pre-Market Trading, Profit-Taking Continues as Analyst Cuts Target Price and Layoff Plans Emerge","media":"Market Focus","content":"<p><p>On July 31, ServiceNow fell 3.02% in pre-market trading, trading at $106.84 per share, extending the prior session's decline of over 3%.</p><p>Multiple headwinds are weighing on the stock. Following a strong multi-day rally driven by better-than-expected Q2 results — adjusted EPS of $0.90 versus the $0.85 consensus, revenue of $3.987 billion up 24% year-over-year — the stock is now facing profit-taking pressure. Citic Securities recently lowered its target price from $140 to $126, adding to selling momentum. Additionally, reports indicate the company plans to lay off up to 1,000 employees as part of post-acquisition restructuring.</p><p>Notably, ServiceNow has significantly underperformed its Systems Software peers in recent sessions. On the prior trading day, Microsoft surged over 14% and NEBIUS gained over 18%, while ServiceNow declined, suggesting active fund rotation away from the stock despite the broader sector strength.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜ServiceNow Falls 3.02% in Pre-Market Trading, Profit-Taking Continues as Analyst Cuts Target Price and Layoff Plans Emerge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜ServiceNow Falls 3.02% in Pre-Market Trading, Profit-Taking Continues as Analyst Cuts Target Price and Layoff Plans Emerge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-31 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 31, ServiceNow fell 3.02% in pre-market trading, trading at $106.84 per share, extending the prior session's decline of over 3%.</p><p>Multiple headwinds are weighing on the stock. Following a strong multi-day rally driven by better-than-expected Q2 results — adjusted EPS of $0.90 versus the $0.85 consensus, revenue of $3.987 billion up 24% year-over-year — the stock is now facing profit-taking pressure. Citic Securities recently lowered its target price from $140 to $126, adding to selling momentum. Additionally, reports indicate the company plans to lay off up to 1,000 employees as part of post-acquisition restructuring.</p><p>Notably, ServiceNow has significantly underperformed its Systems Software peers in recent sessions. On the prior trading day, Microsoft surged over 14% and NEBIUS gained over 18%, while ServiceNow declined, suggesting active fund rotation away from the stock despite the broader sector strength.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NOW","symbol_name":"ServiceNow","start_time":0,"source_url":"","article_id":"1132261006","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132261006","pubTimestamp":1785499120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 31, ServiceNow fell 3.02% in pre-market trading, trading at $106.84 per share, extending the prior session's decline of over 3%.Multiple headwinds are weighing on the stock. Following a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NOW":"ServiceNow"},"translate_title":"走势警报|ServiceNow 盘前交易下跌 3.02%，随着分析师下调目标价和裁员计划出现，获利回吐仍在继续","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/f3101ba6e4686a82af90f897908f75a4","symbols_score_info":{"NOW":1},"content_text":"On July 31, ServiceNow fell 3.02% in pre-market trading, trading at $106.84 per share, extending the prior session's decline of over 3%.Multiple headwinds are weighing on the stock. Following a strong multi-day rally driven by better-than-expected Q2 results — adjusted EPS of $0.90 versus the $0.85 consensus, revenue of $3.987 billion up 24% year-over-year — the stock is now facing profit-taking pressure. Citic Securities recently lowered its target price from $140 to $126, adding to selling momentum. Additionally, reports indicate the company plans to lay off up to 1,000 employees as part of post-acquisition restructuring.Notably, ServiceNow has significantly underperformed its Systems Software peers in recent sessions. On the prior trading day, Microsoft surged over 14% and NEBIUS gained over 18%, while ServiceNow declined, suggesting active fund rotation away from the stock despite the broader sector strength.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}