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SaaS stocks fall again after fresh model releases from Anthropic and Meta that reignited AI replacement fears.
Dan Ives says Microsoft, Salesforce and ServiceNow stocks are mispriced as AI adoption accelerates and risk-on sentiment returns to tech.
Goldman Sachs analyst Kash Rangan maintains ServiceNow (NYSE:NOW) with a Buy and lowers the price target from $216 to $188.
Top Wall Street analysts changed their outlook on top names. See all analyst rating changes, including upgrades and downgrades, on our analyst ratings page.
BTIG analyst Allan Verkhovski maintains ServiceNow (NYSE:NOW) with a Buy and lowers the price target from $200 to $185.
Executives blame AI for job cuts, but unemployment data suggests a different story. Is "AI washing" masking overhiring, margin-driven layoffs?
Wall Street analysts changed outlook on top names. See complete view of rating changes, including upgrades/downgrades, on our analyst ratings page.
Stifel analyst Brad Reback maintains ServiceNow (NYSE:NOW) with a Buy and lowers the price target from $180 to $135.
OpenAI COO Brad Lightcap says legacy software companies could benefit from AI, calling it a "contrarian opinion."