Latest news with #software
CBC
6 hours ago
- General
- CBC
CBC's Natasha Fatah speaks with Lawyer and human rights activist Kaveh Shahrooz
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Globe and Mail
7 hours ago
- Business
- Globe and Mail
‘IBM Stock Is an AI Winner,' Says Wedbush Analyst Dan Ives
Tech giant IBM (IBM) continues to win praise on Wall Street as analysts grow increasingly bullish on its long-term potential. Indeed, four-star Wedbush analyst Daniel Ives raised his price target on the stock from $300 to $325 while maintaining an Outperform rating. Ives named IBM one of the top software stocks to own as artificial intelligence adoption accelerates, calling it an ' AI winner' on his IVES AI 30 list. Despite its strong stock performance so far in 2025, Ives believes that IBM is still underowned and only in the early stages of a multi-year growth renaissance driven by AI. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Adding to this optimism, Bank of America and Evercore ISI also recently raised their price targets on IBM due to the company's ongoing transformation. BofA's five-star analyst, Wamsi Mohan, boosted his target to $320 from $290, arguing that IBM is no longer the 'value trap' some investors remember from its pre-2020 days. Instead, IBM has restructured its software segment by acquiring higher-growth businesses and shedding slower, cost-heavy operations, which are moves that should lead to stronger revenue growth going forward. Similarly, Evercore ISI raised its price target from $275 to $315 and now expects mid-to-high single-digit revenue growth and double-digit earnings and free cash flow growth in the next few years. According to five-star analyst Amit Daryanani, IBM could generate $16–$18 per share in annual earnings within three years. With market sentiment and valuation multiples improving, all three firms agree that IBM is well-positioned to benefit from the next phase of enterprise AI and cloud expansion. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $267.54 per share implies 5% downside risk. See more IBM analyst ratings
Yahoo
11 hours ago
- Business
- Yahoo
Wells Fargo Lifts PT on Intuit (INTU) Stock, Keeps Overweight
Intuit Inc. (NASDAQ:INTU) is one of the 10 software stocks analysts are upgrading. On June 13, Wells Fargo analyst Michael Turrin upped the company's price objective to $880 from $825, while keeping an 'Overweight' rating, as reported by The Fly. The firm believes that reduced economic uncertainties and a resurgence in typical purchasing patterns are expected to result in a recovery in the broader software sector during the latter part of the year. Intuit Inc. (NASDAQ:INTU) delivered a healthy Q3 2025 thanks to the outstanding tax season and continued momentum in its Global Business Solutions Group and Credit Karma. A professional tax preparer, using a laptop to complete an income tax return. During Q3 2025, Intuit Inc. (NASDAQ:INTU)'s Global Business Solutions Group revenue rose to $2.8 billion, reflecting a rise of 19%. Furthermore, the Online Ecosystem revenue increased to $2.1 billion, up by 20%. For the full fiscal year, Intuit Inc. (NASDAQ:INTU) expects TurboTax Live revenue to increase by 47% to $2.0 billion, representing ~40% of total Consumer Group revenue, while TurboTax Live units are expected to grow by 24%. TurboTax Online paying units are expected to grow ~6% due to share gains from higher average revenue per return (ARPR) filers, with ARPR likely to increase ~13% as more customers choose assisted offerings and faster access to refunds. Parnassus Investments, an investment management company, released the Q3 2024 investor letter. Here is what the fund said: 'Intuit Inc. (NASDAQ:INTU) shares fell despite the financial software company posting strong quarterly results. The company's pricing-dependent long-term guidance concerned investors. However, we continue to believe Intuit's customer growth and relevant platform will sustain its wide moat and long growth runway.' Intuit Inc. (NASDAQ:INTU) is a leading player in the broader software industry, as it is known for its financial and tax software products. While we acknowledge the potential of INTU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTU and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11 hours ago
- Business
- Yahoo
Loop Capital Lifts PT on Palantir Technologies (PLTR) Stock, Maintains Buy
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 software stocks analysts are upgrading. On June 12, Loop Capital analyst Mark Schappel upped the price objective on the company's stock to $155 from $130, while maintaining a 'Buy' rating, as reported by The Fly. Loop Capital viewed a demonstration of the company's AIP product and discussed broader enterprise AI industry trends, competitive dynamics, as well as its differentiators. A software engineer intently typing code into a laptop with multiple screens in an office. The firm remained optimistic about Palantir Technologies Inc. (NASDAQ:PLTR), and believes that it is an early software leader in enterprise AI, which remains at a tipping point with pilot programs moving into production and AI use cases expanding throughout industries. Overall, the firm's investment thesis stems from 3 critical factors. These include the exposure to early-stage AI market opportunity, seemingly endless potential AI use cases amidst few TAM constraints on growth, and Palantir Technologies Inc. (NASDAQ:PLTR)'s position as a leader in the overall enterprise AI space. In Q1 2025, the US revenue increased 55% YoY and 13% QoQ to $628 million, with the US commercial revenue increasing 71% YoY and 19% QoQ to $255 million. Palantir Technologies Inc. (NASDAQ:PLTR) closed 139 deals of at least $1 million, 51 deals of at least $5 million, and 31 deals of at least $10 million. Jackson Peak Capital, an investment management firm, released its Q1 2025 investor letter. Here is what the fund said: 'Palantir Technologies Inc. (NASDAQ:PLTR) was a contributor as a long event-driven trade. We held PLTR into and through its Q4 earnings. The thesis was that it would continue its beat and raise cadence and have investors chasing the right tail as management lays out what's possible under the new administration in DC, announcing new contract wins. It also benefitted from market structure dynamics with institutions underweight and PLTR joining the Nasdaq 100 index in December.' Palantir Technologies Inc. (NASDAQ:PLTR) is a core player in the broader software industry as it develops and sells enterprise software platforms, mainly for big data integration, AI, and analytics. While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Business
- Yahoo
Wells Fargo Upgrades Zscaler (ZS) Stock, Lifts PT
Zscaler, Inc. (NASDAQ:ZS) is one of the 10 software stocks analysts are upgrading. On June 13, Wells Fargo upgraded the company's stock to 'Overweight' from 'Equal Weight,' lifting the price objective to $385 from the previous target of $260. As per the firm, software infrastructure spending in H2 2025 is expected to be driven by the adoption of agentic AI, which tends to benefit several software companies, including Zscaler, Inc. (NASDAQ:ZS). An employee standing in front of a large data center, looking toward the future of cloud security. The research firm cited Zscaler, Inc. (NASDAQ:ZS)'s potential to reach $5 billion in annual recurring revenue by fiscal 2027 as one of the measures of the upgrade. Despite the increase in the stock price YTD, the firm believes it still possesses significant room for multiple expansion. Well Fargo expects more than 20% billings growth in FY 2026 and continues to see margin expansion continuing, together with revenue growth. Notably, the company's stock has increased by ~66% on a YTD basis. In May 2025, Zscaler, Inc. (NASDAQ:ZS) signed a definitive agreement to acquire Red Canary, which is a leading managed detection and response (MDR) vendor. Through the combination of Zscaler, Inc. (NASDAQ:ZS)'s high-volume and high-quality data with Red Canary's domain expertise in MDR, Zscaler, Inc. (NASDAQ:ZS) plans to ramp up its vision to deliver AI-powered security operations. While we acknowledge the potential of ZS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
