Needham raised the firm’s price target on ServiceNow (NOW) to $1,200 from $1,150 and keeps a Buy rating on the shares after its Q4 results.

The decline in ServiceNow’s share price comes in the wake of a "lackluster outlook" for 2025 subscription growth on a slower artificial intelligence sales bump,"

ServiceNow (NYSE:NOW), a leading provider of cloud-based services to automate enterprise IT operations, has been consistently growing its customer base and expanding its product offerings. With a market capitalization of $236 billion and an overall financial health score rated as "GREAT" by InvestingPro,