Morgan Stanley Adjusts Price Targets for Three Software Stocks Following Earnings Reports
Following recent earnings reports, Morgan Stanley revised its price targets on three software stocks—Elastic (ESTC), UiPath (PATH), and PagerDuty (PDTY)—highlighting diverging views within the sector regarding AI adoption's impact. While Elastic saw a target cut from $80 to $73 due to investor skepticism around converting bookings into revenue, Morgan Stanley raised targets on other stocks.
Topics: AI adoption earnings reports price targets software stocks