Earnings Season Favorites
Truist analysts have identified several software stocks as their favorites ahead of earnings season. The selected stocks are:
- Snowflake
- Elastic
- Zscaler
These high-quality names are expected to be less affected by potential missteps in execution, as the price for such mistakes is expected to be high.
Price Target Adjustments
Analysts have raised their price targets for the following stocks:
- CrowdStrike
- Rubrik
Customer Sentiment
Analysts note an upbeat tone in customer conversations about the spending environment in 2025.
Cybersecurity Performance
Cybersecurity remains strong, with companies like:
- Atlassian
- Cloudflare
reporting positive results.
Disappointing Guidance
Some companies have offered disappointing guidance, leading to volatility, including:
- ServiceNow
- Tenable
- Varonis