ServiceNow(NOW), 지금이 매수 적기일까? 🤔

The issue with software names is that they were expensive/very expensive. AI doesn't = all SaaS is a zero (which is this narrative that people have bought into), it means that software names are re-rated lower and might not trade again at the valuations that they enjoyed for many years. When a re-rating of this magnitude happens, it often overdoes it to the downside, but I think people looking at the past highs as potential upside are going to be disappointed/should only consider going forward not where the stock was at.

What I find interesting is that when I look at names like NOW or other software stocks, there has been little discussion about them on here since covid (a tremendous time for growth), but because now there is this narrative (AI is going to make every software stock a zero!) that people want to feel they disagree with, they pile in. I don't recall anyone excited on here about the 50% decline for NOW in 2021/2022, or a similar decline for CRM.

There's all these posts about software and how they're down a lot. What about the business specifically is interesting? To me, there has to be a very significant business-specific thesis when picking software why there is a moat for this particular business that will allow it to not be heavily disrupted.

People also have to have some patience - too many people bought the initial SaaS dip that turned into a 7 layer dip. Too many people think every major dip in large names is going to have a V-shaped recovery the moment they buy. NOW was down about 30% YTD going into the last earnings report and how many people went "OMG HOW MUCH LOWER COULD IT GO!111!!?" only to see it crater.

These names will also continue to be impacted by continual AI headlines. Not apples-to-apples, but it feels like it sets up for a sort of CVS/Walgreens every time Amazon put out a PR that had healthcare in the title for a while to come. It's also difficult for people to continue to hold something like this when they look over at semis and power names going up every day. What is a reasonable allocation to some selected software names if someone wants to invest where they can see the bet through and not be shaken out along the way?

Some software names will find a floor and do okay. Some will probably turn into the next PYPL on here, where people keep posting about how "cheap" it is and "buybacks!" while they gradually erode lower year after year.

the fundamentals are clean but you're fighting sentiment right now, and sentiment always wins short term.. wait for the flush, then load up.

SaaS isn't dead in the slightest. But the market is largely non-technical so they believe it is.

I’m waiting for it to stabilise a bit

I was thinking about the same when it was at sub $100 :(

SaaS is dead, don't touch it with a 10-foot pole if the market is to be believed. But this market is bipolar as hell so who knows?

“Fear around saaspocalypse” bother listening to TEAM’s earnings call ?

>!Bet you did not!

It is a good stock, and the moat is real as corporate are slow to change 

However they have already servicing 85% of the S&P 500, so the growth will come from milking their existing customers 

The problem is uncertainty, can they be as profitable sell usage as selling seat 

And it is already really expensive, even for SaaS standards 

Imo screaming sell

When reddit says sell, BUY