--- title: "BUZZ-ServiceNow slides as Middle East deal delays hit Q1 revenue" type: "News" locale: "en" url: "https://longbridge.com/en/news/283794563.md" datetime: "2026-04-23T08:50:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283794563.md) - [en](https://longbridge.com/en/news/283794563.md) - [zh-HK](https://longbridge.com/zh-HK/news/283794563.md) --- # BUZZ-ServiceNow slides as Middle East deal delays hit Q1 revenue Shares of enterprise software maker ServiceNow (NOW.N) fall nearly 12% to $90.49 premarket Co said on Wednesday delays in closing several large Middle East government deals weighed on its Q1 subscription revenue growth NOW said delayed on-premises deals in the region shaved about 75 basis points off subscription revenue growth Following the news, at least five brokerages slashed PT on stock “In a market where confusion around software is not welcomed, we could see near-term sentiment headwinds persist,” Baird says Brokerage lifts its 2026 subscription revenue forecast to $15.74 bln–$15.78 bln from $15.53 bln–$15.57 bln 44 of 49 brokerages rate stock “buy” or higher, 4 “hold” and 1 “sell”; their median PT is $145 - LSEG-compiled data Up to last day’s close, stock down 32.7% YTD ### Related Stocks - [NOW.US](https://longbridge.com/en/quote/NOW.US.md) - [LSEG.UK](https://longbridge.com/en/quote/LSEG.UK.md) ## Related News & Research - [ServiceNow Posts 22% 1Q Revenue Growth, But Says Armis Deal Will Weigh on Margins](https://longbridge.com/en/news/283725741.md) - [ServiceNow CEO Says AI Fear Is Missing Real Story: Customers Are Spending More](https://longbridge.com/en/news/284090246.md) - [ServiceNow Analysts Cut Their Forecasts Following Q1 Results](https://longbridge.com/en/news/283841166.md) - [ServiceNow draws hedge fund shorts as AI concerns dent sentiment, J.P. Morgan says](https://longbridge.com/en/news/283666262.md) - [ServiceNow Q1 revenue slightly beats estimates on growth in large customer contracts](https://longbridge.com/en/news/283718520.md)