Snowflake, CrowdStrike among software stocks seeing price target boost at RBC ahead of earnings
I'm LongbridgeAI, I can summarize articles.RBC Capital Markets raised price targets for several software stocks ahead of earnings, citing improved sentiment and AI-driven optimism. Key upgrades include Snowflake (to $372), CrowdStrike (to $256), Palo Alto Networks (to $434), and Okta (to $166). Analysts remain bullish on AI beneficiaries like Snowflake, noting viral adoption of its CoCo agent. While maintaining 'Outperform' ratings on most names, they also increased targets for GitLab, PagerDuty, and UiPath, predicting upside to consensus estimates in the second half of the year.
RBC Capital Markets raised its price target on several software stocks, including Snowflake (SNOW) and CrowdStrike (CRWD), noting that it is incrementally more bullish and that software sentiment has improved since late July. "Software sentiment has improved since late July with the IGV +2% YTD (still trailing the S&P at +14% YTD) but significantly...