The Bofa effects Software Research Team organized 18 public and 10 private companies on Bofa Global Technology Conference in San Francisco on 3-5 June.
With an ever-changing background of the macro policy, the spending environment was the focus of this discussion. AI product cycles were discussed another important topic, in which companies quoted a healthy pilot activity for agent applications.
On the basis of discussions, participating software companies have endorsed a generally stable environment, although companies remained aware of underlying risks.
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Moreover, the analysis report noted that although product cycles are still at an early stage for agent AI, they are reportedly getting a grip through initial pilot agreements.
Analyst Brad Sills Included important collection restaurants of meetings with participating companies in this report.
Said sills Microsoft Corp. (Nasdaq: MSFT) (buy, price forecast $ 515) Commercial CFO Mat McBride suggested Sustainable Momentum in the Azure activities led by healthy cloud migration. According to the analyst, Microsoft quickly innovates about the Enterprise Stack.
Servicenow’s (NYSE: NOW) (Buy, price forecast $ 1,085) Chief Customer Officer Chris Bedi emphasized solid version by a tough macro environment in the Tarief impact production Vertical and Doge-Imacted Federal Vertical. ServiceNow noted a long-term momentum about the broad IT, customer and employees application suites. It quickly expands to several departments in the company.
In Front Office -Requests, Salesforce’s (NYSE: CRM) (Buy, Price forecast $ 350) COO and CFO, Robin Washington, repeated pockets of weakness in rate-impact verticals such as production and retail trade, although they are stronger elsewhere, Sills said. According to the analyst, Salesforce stimulates growth in both core and agent force.
The analyst noticed that DataDogs (Nasdaq: DDOG) (buy, price forecast $ 138) CFO, David Obstler, emphasized the growing product range of the company and the long -term growth potential for monitoring cloudwork taxes, which increases in volume and complexity as a result of AI. The analyst noted that the AI-Native Cohort of DataAdog is growing rapidly, although the volatility is inherent in the consumption model.
Said sills Asana (NYSE: ASAN) (buy, price forecast $ 21) in April a light incremental macro -opposite wind for his business segment. According to the analyst, AI Studio could represent a powerful second half of 2026 catalyst for Asana.
The analyst noted that software companies quoted solid leading indicators for the acceptance of agent applications, although these cycles remain on the rise.
