tl;dr
Macquarie Equity is positioning for a disruptive 2024 in software driven by generative AI, cybersecurity, digital data transformations, and mounting macro risks. The firm introduced its GenAI thematic basket with Microsoft (MSFT), ServiceNow (NOW), Salesforce (CRM), MongoDB (MDB), CrowdStrike (CRWD)...
Macquarie Equity is positioning for a disruptive 2024 in software driven by generative AI, cybersecurity, digital data transformations, and mounting macro risks. The firm introduced its GenAI thematic basket with Microsoft (MSFT), ServiceNow (NOW), Salesforce (CRM), MongoDB (MDB), CrowdStrike (CRWD), PowerSchool (PWSC), and HubSpot (HUBS) for diversified GenAI thematic exposure.
The analysts expect widespread enterprise adoption of GenAI, high-profile GenAI stumbles, AI wearables, pricing competition, AI training challenges, data pollution, deepfake worries, AI safety actions, and more autonomous agent work in 2024. They also anticipate a shift in the cybersecurity threat landscape to "highly hostile," ongoing digital transformations, and bracing for volatility in software valuations due to AI enthusiasm and market risks into 2024.
Stocks in the GenAI Thematic Basket have an Outperform rating, with Microsoft having a $430 price target, ServiceNow with an $800 price target, Salesforce with a $300 price target, CrowdStrike with an $285 price target, MongoDB with a $490 price target, PowerSchool with a $26 price target, and HubSpot with a $638 price target at the firm. Microsoft has a Hold rating at Seeking Alpha and a Buy rating from other analysts, while Salesforce and CrowdStrike have Buy ratings, and the remaining stocks have Strong Buy ratings.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, specializing in computer software, consumer electronics, and personal computers. It is ranked No. 21 in the 2020 Fortune 500 rankings and is considered one of the Big Five companies in the U.S. information technology industry. The company's stock performance has been strong, with a total revenue of $277.62 billion and a stock price of $407.02. The market sentiment for Microsoft is positive, with a bullish trend indicated by a Relative Strength Index (RSI) of 29.35 and a Bollinger Bands indicator of 0.353. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with investing in Microsoft Corporation.
More about ServiceNow Inc
ServiceNow Inc is an American software company in the technology sector, specifically in services-prepackaged software. With a market capitalization of $142.78 billion, the stock is currently trading at $679.74. The stock has shown a 7.77% increase over the last month and has a 52-week range of $89.61 to $679.74. The Relative Strength Index (RSI) is at 41.61, indicating a neutral sentiment in the market. The company's stock performance has shown a bullish trend, with a 2% increase in the last week. However, it is important to note that past performance is not always indicative of future results, and potential risks and uncertainties should be considered before making any investment decisions.
More about Salesforce.com Inc
Salesforce.com Inc is a leading player in the cloud-based software industry, with a market capitalization of $258.7 billion and a stock price of $273.73. The company has shown strong revenue growth, with sales reaching $20 billion, and a healthy profit margin of 34.73%. However, the stock has a relatively high P/E ratio of 102.0, indicating a premium valuation. The market sentiment towards Salesforce.com Inc appears to be positive, with the stock showing a bullish trend and breaking through key resistance levels. However, it is important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties in the market that could impact the company's future performance.
More about MongoDB
Company: MongoDB, Inc. (MDB)
Industry: Technology - Services - Prepackaged Software
Market Cap: $29,579,825,000
Dividend Yield: None
Year-to-Date Change: -2.61%
52-Week High: $458.01
52-Week Low: $158.63
Relative Strength Index (RSI): 22.49 (oversold)
Market Sentiment: Bearish (due to oversold RSI and negative year-to-date change)
Analysis: MongoDB's stock performance has been negative so far this year, with a 52-week high of $458.01 and a 52-week low of $158.63. The RSI of 22.49 indicates that the stock is currently oversold, suggesting a bearish sentiment in the market. The lack of dividend yield and the negative year-to-date change further support the bearish sentiment. Investors should be cautious and consider potential risks before making any investment decisions in MDB.
More about Crowdstrike Holdings Inc
Key Financial Metrics:
- Market Cap: $60,984,820,000
- Revenue: $2,847,587,000
- EPS: -0.05
- PE Ratio: 12.01
- ROE: -0.0042
Stock Performance:
- Current Price: $245.66
- Change: 0.353
Market Sentiment:
CrowdStrike Holdings Inc. is a technology company providing cloud solutions for endpoint and cloud workload protection. Despite a slightly negative EPS, the company has a strong market cap and revenue. The stock price of $245.66 indicates bullish sentiment, with a positive change of 0.353. However, investors should be cautious of potential risks associated with the negative EPS and PE ratio, and monitor for any potential shifts in market sentiment.
More about Powerschool Holdings Inc
PowerSchool Holdings Inc. operates in the technology sector, specifically within the services-prepackaged software industry. With a market capitalization of 4,713,303,000 and a trading volume of 676,581,000, the stock is currently valued at 27.27. The stock has experienced a slight decrease of 0.11, with a 4.184% change. The market sentiment appears to be relatively neutral, with a small positive momentum of 0.121. It is important to note that past market behavior is not always a reliable indicator of future performance, and potential risks or uncertainties should be considered when analyzing this data.
More about HubSpot Inc
HubSpot Inc (NYSE: HUBS) provides a cloud-based customer relationship management (CRM) platform for companies in the Americas, Europe, and Asia Pacific. The company's stock performance has shown a decline of 3.61% with a current share price of $565.74. Market sentiment appears to be slightly bearish with a negative change in stock value of -0.0867. The company's market capitalization stands at $29.00 billion, indicating a strong presence in the industry. It is important to note that the technology sector has experienced volatility in recent months, and potential risks or uncertainties may impact the stock's future performance. Overall, the analysis suggests a cautious outlook for HubSpot Inc in the current market conditions.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.