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BofA Boosts AI-Ready Software Stocks | Durham News
Bank of America is turning bullish on software stocks, raising price targets for ten firms including ServiceNow, Snowflake, and Workday — signaling a shift from AI disruption fears to confidence in companies that can actually profit from it. Strong earnings from infrastructure players and better outlooks for large-cap and application software are fueling this optimism. ServiceNow leads the pack with over $1 billion in AI annual contract value, while Adobe gets a cautious nod — its price target up, but rating unchanged at “Underperform,” as AI hasn’t yet driven measurable growth. The takeaway?…
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