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flag Investors boost stakes in ServiceNow after it reported earnings that beat estimates, despite its high P/E ratio.

flag South Korean firm Mirae Asset and KBC Group increased their stakes in ServiceNow, a tech services provider, by 16.1% and 5.8% respectively. flag ServiceNow reported strong earnings, beating analysts' estimates by $0.26 per share. flag Its stock has an average "Moderate Buy" rating with a target price of $1,065.32, indicating investor confidence despite its high P/E ratio of 139.07.

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