Down 24%, Is ServiceNow Stock a Buy Now?

ServiceNow (NOW) stock has recently fallen by 23.5%, prompting an analysis of whether this dip presents a buying opportunity. Historically, quality stocks like ServiceNow have shown significant median returns of 31% in the 12 months following sharp dips of 30% or more. The article suggests that NOW passes basic quality checks including revenue growth, profitability, and cash flow, making dip buying a viable strategy for investors willing to look beyond single stocks and consider a diversified portfolio approach.