ServiceNow may be more vulnerable to disruption risks posed by AI than some analysts on the Street think, according to UBS.
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The bank believes CBRE’s fundamental business remains strong and will be able to weather the transition to an AI-driven economy.
In a note published Thursday, UBS highlighted three major pillars that will drive AI demand going forward.
AI disruption fears spark sell-off in cyber, but the market is overlooking the sector's fundamentals
As software stocks are battered amid the artificial intelligence threat, UBS likes HubSpot, Microsoft, ServiceNow and Autodesk.
KeyBanc established a $775 price target, which was right around where ServiceNow was trading Monday after dropping more than 11%.
Jefferies found a basket of "AI risk" stocks, ranging from MongoDB to Robinhood, that could be under threat as the technology…
