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Investors boost stakes in ServiceNow after it reported earnings that beat estimates, despite its high P/E ratio.
South Korean firm Mirae Asset and KBC Group increased their stakes in ServiceNow, a tech services provider, by 16.1% and 5.8% respectively.
ServiceNow reported strong earnings, beating analysts' estimates by $0.26 per share.
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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Los inversores aumentan las participaciones en ServiceNow después de que reportó ganancias que superaron las estimaciones, a pesar de su alta relación P/E.