ServiceNow’s Stock Crash Makes It “Cheapest” in Software, Says Bernstein
ServiceNow shares have tumbled 25% this year, including an 8% drop this week on news of a potential $7 billion deal for Armis. Bernstein analyst Peter Weed now calls it the “cheapest” large-cap software stock, reiterating an outperform rating and a $1,093 price target, about 40% above recent levels.