Rising interest rates drove many investors away from growth stocks over the past year. ServiceNow helps companies organize their unstructured work patterns into streamlined cloud-based workflows. Annual revenue grew from $1.4 billion in 2016 to $5.8 billion in 2021, representing a five-year compound annual growth rate (CAGR) of 33%.
In the latest trading session, Salesforce.com (CRM) closed at $189.75, marking a -0.22% move from the previous day.
Change is common on Wall Street, and there could be a major shake-up among the largest stocks by the turn of the decade.