Why the 27% Crash in ServiceNow's Stock Looks Like a Golden Opportunity

ServiceNow's stock plunged 27% following Q3 earnings despite solid fundamentals: 20.5% revenue growth to $4.11B and subscription revenue up 21%. The sell-off appears to be an overreaction driven by smaller-than-typical earnings beat and modest guidance. The company is well-positioned in AI with 65% YoY growth in AI annual contract value and strong partnerships with OpenAI. At a forward P/S of 6x and P/E of 22x, the stock presents an attractive buying opportunity for long-term investors.