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As Microsoft has outperformed its industry peers recently, analysts remain highly optimistic about the stock’s prospects.
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Intuit has underperformed the broader market over the past year, but analysts are highly optimistic about the stock’s prospects.
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Despite Cadence Design Systems’ underperformance relative to the broader market over the past year, Wall Street analysts maintain a highly optimistic outlook on the stock’s prospects.
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Adobe has significantly underperformed the broader market over the past year, yet analysts remain moderately bullish on the stock’s prospects.
The brokerage updated its outlook for Cloudflare as part of its broader note for infrastructure and artificial intelligence (AI) software companies.
CEO John Giamatteo said the company witnessed another quarter of strong financial performance from all three divisions, namely QNX, Secure Communications and Licensing.
KeyBanc analyst Jackson Ader said he expects revisions to fundamentals throughout the remainder of the year.
Earnings and macro worries have been common catalysts that drove down these stocks this year.
Snap said the lenses will be powered by its generative AI video model built in-house.
CEO Shantanu Narayen said Adobe is well-positioned to capitalize on the acceleration of the creative economy driven by AI, but retailers on Stocktwits see it as an expense AI play.