Jun. 11 at 5:22 PM
Citi named
$MNDY,
$PEGA,
$DAY,
$SPSC and
$INTU as its New Top Picks.
Citi said in its note, "Investor sentiment has shifted again for software with better-than-expected fundamentals and macro resilience driving a recovery. While we saw pockets of weakness in enterprise, tech, and ESG, broadly results were solid despite the uncertainty with outlooks likely seen as conservative for beats/maintains.
We prefer names with relatively healthier NT setups, attractive relative valuation, and ramping/underappreciated Al stories with our new Top Picks of
$MNDY,
$PEGA,
$DAY, and
$SPSC w/
$INTU our top large cap pick."
