Hedgeye adds ServiceNow stock to its list of ‘short ideas'
NOWServiceNow(NOW) Invezz·2024-01-18 00:29

ServiceNow Inc (NYSE: NOW) is in focus on Wednesday after Hedgeye issued a short call on shares of the IT management company based out of Santa Clara, California. ServiceNow stock could tank 30% Copy link to section The independent investment research firm is concerned that the extent to which the remaining addressable market of ServiceNow will become a reality by the end of this year may be limited. On Wednesday, Hedgeye analyst Andrew Freedman warned of a 30% downside in $NOW and said: NOW’s assertive pri ...