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Analysts lift targets on software stocks tied to AI spending
MarketBeat says its most-upgraded list over the last quarter includes Snowflake, Okta, Datadog, CrowdStrike, and Palo Alto Networks.
MarketBeat Ratings highlights five software stocks that were among the most-upgraded over the last quarter, pointing to higher price targets as analysts adjust for continued AI-related demand.
The outlet names Snowflake, Okta, Datadog, CrowdStrike, and Palo Alto Networks as the companies leading its most-upgraded list, and links the upgrades to software firms benefiting from AI adoption.
MarketBeat notes that Snowflake does not appear on the specific list as a standout despite the broader upgrades, saying Snowflake currently carries a Moderate Buy rating among analysts while top-rated analysts view the other five names as better buys.
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