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TipRanks' tech picks trail the S&P 500 by 30 points after one year

Article published Nov 12, 2024 · 733 days ago

Updated November 12, 2025

1 Year Later — Nov 12, 2025

How did TipRanks' analyst picks for ServiceNow and Block perform after one year?

TipRanks featured analyst bullishness on ServiceNow and Block in November 2024, but the tracked pick has underperformed significantly. ServiceNow returned -16.6% over the following year, while the S&P 500 gained 14.1% during the same period.

That 30-point gap puts the pick well behind the broader market. None of the tracked recommendations outpaced the index.

The outcome shows a sharp divergence between analyst optimism at publication and actual market returns. ServiceNow's negative return contrasts with the double-digit gain in the benchmark over the identical timeframe.

6 Months Later — May 9, 2025

How are TipRanks' technology stock picks from November 2024 performing?

TipRanks' technology picks from November 2024 are down 5.4% at the six-month mark, slightly ahead of the S&P 500's 5.7% decline over the same period. The analysis tracked analyst recommendations on ServiceNow (NOW) and Block, featured in an article titled "Analysts Are Bullish on Top Technology Stocks."

ServiceNow, the sole pick with available return data, is down 5.4% since publication. That single-stock performance accounts for the entire tracked portfolio in this update.

The 0.3-point margin over the benchmark reflects a period of market softness where both the picks and the index moved lower. At six months in, TipRanks' selections are effectively matching broader market returns within a narrow band.

3 Months Later — Feb 10, 2025

How are TipRanks' November 2024 technology stock picks performing?

TipRanks' November 2024 technology stock picks are underperforming the S&P 500 three months in. The portfolio posted a -1.4% return while the broader market gained 1.0% over the same period—a 2.4 percentage point gap.

ServiceNow (NOW) accounts for the -1.4% loss. None of the tracked picks have beaten the market at this checkpoint.

These numbers reflect only what happened in the market since publication. They don't account for analyst revisions, price target changes, or reasons behind the stock movements—just the actual returns delivered so far.

3 Days Later — Nov 15, 2024

How are TipRanks' analyst-recommended tech stocks performing?

TipRanks' analyst-highlighted tech picks are down 2.4% on average over their first three days, slightly underperforming the S&P 500's 2.2% decline in the same window.

The tracked pick, ServiceNow (NOW), fell 2.4% since the November 12 article spotlighted it alongside other technology names analysts were bullish on. None of the measurable picks are ahead of the broader market at this early checkpoint.

Three days offers minimal signal—these positions could reverse or extend quickly. The initial gap is narrow, and early volatility is normal for individual tech stocks, especially in a down market.

Best-performing pick: NOW (-16.6%)See recent news →
Avg return
-16.6%UNDERPERFORM
S&P 500 avg return
+14.1%
Beat S&P 500
0 / 1
Picks tracked
2
Analysts Are Bullish on Top Technology Stocks: ServiceNow (NOW), Block (XYZ) - The Globe and Mail

Full progress so far — every tracked pick ↓

← swipe to see the full table →

Ticker
Company
Signal
3D
3M
6M
1Y
S&P
S&P 500 (benchmark)
—
-2.2%
+1.0%
-5.7%
+14.1%
NOW
ServiceNow
buy
-2.4%
-1.4%
-5.4%
-16.6%
XYZ
Block
buy
—
—
—
—
Performance over opinion.Source: FinIQ