ServiceNow Inc (NOW) has disclosed a new risk, in the Economy & Political Environment category.
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ServiceNow Inc. faces significant business risks due to global economic and political conditions. The company’s operations, revenues, and profitability are vulnerable to factors such as inflation, interest rates, foreign exchange rates, and geopolitical instability. Recent increases in inflation and interest rates in the U.S. and other markets pose challenges, potentially raising operational costs and impacting profitability due to fixed customer contract prices. Additionally, geopolitical tensions and economic instability could affect customer purchasing power and disrupt supply chains, hindering the company’s ability to operate efficiently and grow.
The average NOW stock price target is $1,194.86, implying 17.98% upside potential.
To learn more about ServiceNow Inc’s risk factors, click here.
