Key facts: ServiceNow shares drop 1.4% after price target cut; CEO's contract extended to 2030
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ServiceNow shares fell 1.4% to $152.20 after TD Cowen cut its price target from $250 to $230, citing worries about the shift to larger mergers affecting growth and integration risks.1ServiceNow has extended CEO Bill McDermott's contract to December 31, 2030, effective January 1, 2026, linking his pay to the company's performance against peers.23
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