{"id":46982,"date":"2026-04-10T10:34:10","date_gmt":"2026-04-10T10:34:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/46982\/"},"modified":"2026-04-10T10:34:10","modified_gmt":"2026-04-10T10:34:10","slug":"servicenow-dips-premarket-amid-ubs-cut-rising-ai-pressure-from-anthropic","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/46982\/","title":{"rendered":"ServiceNow Dips Premarket Amid UBS Cut, Rising AI Pressure From Anthropic"},"content":{"rendered":"<p>Retail traders, however, remained upbeat for a rebound and advised patience.\n<\/p>\n<p>UBS downgraded the stock to \u2018neutral\u2019 from \u2018buy,\u2019 although Benchmark and BNP Paribas placed a \u2018Buy\u2019 rating on NOW just recently.There\u2019s a growing debate whether the selloff in SaaS stocks is overdone; key names, including Salesforce, Intuit, and Adobe, trade at multi-year lows.Stocktwits sentiment for NOW improved over the week and was \u2018extremely bullish\u2019 on Friday.<\/p>\n<p>ServiceNow shares fell 1% in Friday\u2019s premarket session, extending a sharp selloff triggered by an analyst downgrade and broader weakness in software stocks amid concerns that Anthropic and other AI firms are eating into software demand.<\/p>\n<p>UBS downgraded the stock to \u2018Neutral\u2019 from \u2018Buy\u2019 and slashed its price target to $100 from $170 on Thursday. The current target implies an 11% upside from the stock\u2019s last close.\u00a0<\/p>\n<p>Anthropic is launching new AI functionality at a rapid pace, which has hammered software-as-a-service (SaaS) stocks, including ServiceNow, over the last few months. In the last two days, Anthropic\u00a0<a href=\"https:\/\/stocktwits.com\/news-articles\/markets\/equity\/crowdstrike-palo-alto-stocks-surge-anthropic-s-latest-ai-rollout-turns-into-tailwind-for-once\/cZJOYFhRIqk\" rel=\"nofollow noopener\" target=\"_blank\">previewed<\/a> its new AI model, Mythos, with cybersecurity applications, and\u00a0<a class=\"st-link-external\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.wired.com\/story\/anthropic-launches-claude-managed-agents\/\">launched<\/a> a new product that makes it easier for enterprises to build and deploy AI agents.<\/p>\n<p>Meanwhile, ServiceNow\u00a0<a class=\"st-link-external\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260409897264\/en\/ServiceNow-moves-beyond-the-sidecar-AI-era-giving-customers-a-complete-AI-native-experience-across-all-products-and-packages\">announced<\/a> that its entire product portfolio will include AI, data connectivity, workflow execution, security, and governance as standard features rather than separate purchases.<\/p>\n<p>SaaS Selloff Debate<\/p>\n<p>There\u2019s a growing debate about whether the selloff in SaaS stocks is overdone. Earlier this month, Benchmark initiated coverage on ServiceNow with a \u2018Buy\u2019 rating, arguing that the company is well-positioned to benefit from the Agentic AI supercycle and its strong leadership under CEO Bill McDermott.<\/p>\n<p>Back in February, WedBush was the biggest proponent of the view and added ServiceNow and Salesforce to analyst Dan Ives\u2019 AI 30 list. Investors have been irrationally treating giants like Salesforce and ServiceNow as obsolete, Ives had said at the time. However, their stocks have declined further since then, partly due to market volatility linked to the U.S.-Iran war.<\/p>\n<p>Retail View On NOW Improves<\/p>\n<p>On Stocktwits, the retail sentiment for NOW has climbed this week and was \u2018extremely bullish\u2019 on Friday.<\/p>\n<p>\u201cIt\u2019s hard to find words when the chart only knows how to sink,\u201d\u00a0<a href=\"https:\/\/stocktwits.com\/PhotonicDigger\/message\/649910348\" rel=\"nofollow noopener\" target=\"_blank\">remarked<\/a> a trader. \u201cThe relentless red has turned optimism into a weary silence. Sometimes, the numbers tell a story of pain that data alone can&#8217;t capture.\u201d\u00a0<\/p>\n<p>Another\u00a0<a href=\"https:\/\/stocktwits.com\/ChipObserver8\/message\/649907909\" rel=\"nofollow noopener\" target=\"_blank\">wrote<\/a>: $NOW Maybe it really is that simple. Revenue keeps growing, and over time, the stock follows\u2026 Sometimes investing isn\u2019t complicated: find great businesses, let them grow, and be patient. $NOW shows exactly that.\u201d<\/p>\n<p>For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n<p>Read Next:\u00a0<a href=\"https:\/\/stocktwits.com\/news-articles\/markets\/equity\/amzn-stock-turns-positive-for-2026-on-aws-momentum-analyst-calls-ceo-jassy-s-shareholder-letter-most-impactful-yet\/cZJ0dSnRItb\" rel=\"nofollow noopener\" target=\"_blank\">AMZN Stock Turns Positive For 2026 On AWS Momentum: Analyst Calls CEO Jassy&#8217;s Shareholder Letter &#8216;Most Impactful\u2019 Yet<\/a><\/p>\n<p>\u00a0<\/p>\n<p><a class=\"STButton_lg__XBy4m text-lg px-6 gap-2 STButton_button__ObG_J h-[--size] inline-flex flex-row items-center justify-center border rounded-full font-semibold whitespace-nowrap STButton_black-secondary__xIxs1 bg-white text-black border-secondary-button-border dark|bg-transparent dark|text-white hover|!bg-light-grey-6 dark|hover|!bg-dark-grey-5 p-2\" role=\"button\" tabindex=\"0\" type=\"button\" target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbk4wYjJOcmRIZHBkSE11WTI5dEtBQVAB\"><img decoding=\"async\" alt=\"Follow on Google News\" src=\"https:\/\/chunks-prd.stocktwits-cdn.com\/_next\/static\/media\/google-news-icon.d9c2bfd1.svg\"\/><\/a><\/p>\n<p>Subscribe to Chart Art<\/p>\n<p>Get the daily email that keeps you tuned in and makes markets fun again.<\/p>\n<p><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktwits.com\/about-newsroom\/\" class=\"NewsArticle_editorialLink__1BMFs hover|text-blue-ada underline w-full text-base\">Read about our editorial guidelines and ethics policy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Retail traders, however, remained upbeat for a rebound and advised patience. UBS downgraded the stock to \u2018neutral\u2019 from&hellip;\n","protected":false},"author":2,"featured_media":46983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[27235,27238,27229,27236,27232,27230,27234,27233,27231,27237,27239,223],"class_list":["post-46982","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-now-stock","tag-saas-stocks","tag-servicenow","tag-servicenow-ai-features","tag-servicenow-analyst-view","tag-servicenow-downgrade","tag-servicenow-shares","tag-servicenow-stock","tag-servicenow-ubs-downgrade","tag-software-stocks","tag-software-stocks-selloff","tag-ubs"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116379966753214055","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/46982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=46982"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/46982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/46983"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=46982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=46982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=46982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}