Why These 15 Big-Cap Stocks Are Plunging So Far in 2025

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7. ServiceNow Inc (NYSE:NOW)

Number of Hedge Fund Holders In Q4 2024: 110

ServiceNow Inc (NYSE:NOW) is a cloud-based software company.

The stock is down significantly so far in 2025 after the company issued cautious subscription revenue guidance for 2025 during its Q4 2024 earnings report.

The forecast was $12.635 billion to $12.675 billion in revenue. This was below analyst expectations of $12.849 billion. ServiceNow attributed this to a shift in deal timing. However, investors are still nervous.

The consensus price target of $1,129.72 implies 24.67% upside.

NOW stock is down 14.53% year-to-date.

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