Many stocks are still well off their highs. Investors should be taking advantage of these great opportunities.
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%.
These companies have seen significant share price appreciation over the last five years, which could warrant a stock split in the near future.