Analysts suggest a mixed outlook for software stocks, with both positive responses to some companies and downgrades for others reflecting uneven growth and competition.
J.P. Morgan's Pinjalim Bora downgrades C3.ai despite its positive report, citing "uneven and subpar growth-plus-margin performance" as key concerns.
PagerDuty's downgrade by J.P. Morgan highlights rising competition in IT incident management software, which impacts its stock, despite being a notable player.
The overall sentiment is cautious as investors respond to the mixed performance of software stocks, signaling potential volatility in this recovering sector.
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