<p>在过去两天中，<strong>ServiceNow</strong>（NOW -3.04%）第二次遭遇分析师下调目标价的打击。这个快速的双重打击削弱了市场对这家下一代业务流程解决方案开发商的信心，其股价下跌超过 3%。与此同时，<strong>标准普尔 500 指数</strong>（^GSPC 0.13%）则小幅上涨（0.1%），进入了正区间。</p>
<h2>一只坏狗？</h2>
<p>周四的下调是由 <strong>德意志银行</strong> 的布拉德·泽尔尼克（Brad Zelnick）提出的。他将对 ServiceNow 股票的公允价值评估下调至每股 1,050 美元，距离他之前的 1,300 美元相去甚远。不过，他并没有放弃这家公司，仍然维持对该股票的买入推荐。</p>
<p>令人不安的是，这一消息在泽尔尼克的同行德里克·伍德（Derrick Wood）来自 TD Cowen 的几乎相同的举动不到 24 小时后传出。伍德之前也认为 ServiceNow 的股价可以上涨到 1,300 美元，现在将其目标价下调至 1,100 美元。与德意志银行的分析师一样，他也保持了买入推荐。</p>
<p>泽尔尼克下调目标价的原因并不明显。至于伍德，根据报道，他主要担心的是特朗普政府的政府效率部（DOGE）倡议所带来的 “悬而未决” 的问题。该公司有许多公共部门客户，而由于 DOGE 急于削减联邦开支，这部分业务可能会受到影响。</p>
<h2>保持冷静，继续前行</h2>
<p>在这种情况下，市场似乎对 ServiceNow 即将发布的财报感到紧张（预计将在下周三，即 4 月 23 日发布第一季度数据）。</p>
<p>总体而言，分析师预计收入和盈利能力都将实现同比增长；对于这两者的共识预期分别为 30.9 亿美元和每股 3.83 美元。如果实现，这将分别代表 19% 和 12% 的改善。</p>
<p>在最坏的情况下，该公司的政府业务可能会受到影响。然而，考虑到其在私营部门的成功不断上升，我认为它能够度过任何低迷期。我对其长期前景的看法与伍德和泽尔尼克一样乐观。</p>

现在服务

<p>ServiceNow 的股票在两位分析师下调目标价后下跌超过 3%。德意志银行的 Brad Zelnick 将其目标价从 1,300 美元下调至 1,050 美元，同时维持买入评级。TD Cowen 的 Derrick Wood 也将目标价下调至 1,100 美元，理由是对特朗普政府效率倡议可能导致政府合同削减的担忧。尽管目标价有所下调，分析师们仍预计 ServiceNow 在即将发布的财报中将实现收入和盈利的同比增长</p>

<p>For the second time in as many days, <strong>ServiceNow</strong>(NOW -3.04%) was hit with an analyst price target cut on Thursday. That quick one-two blow leeched sentiment on the next-generation business process solutions developer, and its share price fell by more than 3%. The <strong>S&amp;P 500</strong>(^GSPC 0.13%), meanwhile, landed in positive territory with a slight (0.1%) gain.</p>
<div class="lb-trans"><p>在过去两天中，<strong>ServiceNow</strong>（NOW -3.04%）第二次遭遇分析师下调目标价的打击。这个快速的双重打击削弱了市场对这家下一代业务流程解决方案开发商的信心，其股价下跌超过 3%。与此同时，<strong>标准普尔 500 指数</strong>（^GSPC 0.13%）则小幅上涨（0.1%），进入了正区间。</p>
</div><h2>A bad dog?</h2>
<div class="lb-trans"><h2>一只坏狗？</h2>
</div><p>The Thursday cut was delivered by <strong>Deutsche Bank</strong>'s Brad Zelnick. He reduced his fair-value assessment of ServiceNow's equity to $1,050 per share, quite some distance from his former $1,300. He's not giving up on the company just yet, though, as he maintained his buy recommendation on the stock.</p>
<div class="lb-trans"><p>周四的下调是由 <strong>德意志银行</strong> 的布拉德·泽尔尼克（Brad Zelnick）提出的。他将对 ServiceNow 股票的公允价值评估下调至每股 1,050 美元，距离他之前的 1,300 美元相去甚远。不过，他并没有放弃这家公司，仍然维持对该股票的买入推荐。</p>
</div><p>Uncomfortably, news of this came less than 24 hours after Zelnick's peer Derrick Wood of TD Cowen made a nearly identical move. Wood, who also previously felt ServiceNow could rise to $1,300 per share, cut his level to $1,100. And like the Deutsche Bank analyst, he kept his buy recommendation intact.</p>
<div class="lb-trans"><p>令人不安的是，这一消息在泽尔尼克的同行德里克·伍德（Derrick Wood）来自 TD Cowen 的几乎相同的举动不到 24 小时后传出。伍德之前也认为 ServiceNow 的股价可以上涨到 1,300 美元，现在将其目标价下调至 1,100 美元。与德意志银行的分析师一样，他也保持了买入推荐。</p>
</div><p>The reasons for Zelnick's chop weren't immediately apparent. As for Wood, according to reports, his main concern is the &#34;overhang&#34; of the work being conducted by the Trump administration's Department of Government Efficiency (DOGE) initiative. The company has a number of public-sector clients, and this business will probably be reduced due to DOGE's eagerness to cut federal costs.</p>
<div class="lb-trans"><p>泽尔尼克下调目标价的原因并不明显。至于伍德，根据报道，他主要担心的是特朗普政府的政府效率部（DOGE）倡议所带来的 “悬而未决” 的问题。该公司有许多公共部门客户，而由于 DOGE 急于削减联邦开支，这部分业务可能会受到影响。</p>
</div><h2>Keep calm and carry on</h2>
<div class="lb-trans"><h2>保持冷静，继续前行</h2>
</div><p>With that looming, it seems the market is getting nervous about ServiceNow's upcoming earnings release (it's slated to publish its first quarter figures next Wednesday, April 23).</p>
<div class="lb-trans"><p>在这种情况下，市场似乎对 ServiceNow 即将发布的财报感到紧张（预计将在下周三，即 4 月 23 日发布第一季度数据）。</p>
</div><p>On the whole, analysts are expecting year-over-year growth in both revenue and profitability; the consensus estimates for the pair are $3.09 billion for the former and $3.83 per share for the latter. If achieved, this would represent improvement of 19% and 12%, respectively.</p>
<div class="lb-trans"><p>总体而言，分析师预计收入和盈利能力都将实现同比增长；对于这两者的共识预期分别为 30.9 亿美元和每股 3.83 美元。如果实现，这将分别代表 19% 和 12% 的改善。</p>
</div><p>The company's government business could suffer in the worst-case scenario. However, given its rising success with the private sector, I think it'll be able to get past any slump. I'd be as bullish as Wood and Zelnick on its long-term future.</p>
<div class="lb-trans"><p>在最坏的情况下，该公司的政府业务可能会受到影响。然而，考虑到其在私营部门的成功不断上升，我认为它能够度过任何低迷期。我对其长期前景的看法与伍德和泽尔尼克一样乐观。</p>
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为什么 AI 股票 ServiceNow 在周四遭遇重创