Canaccord analyst Kai Korschelt upgraded Sage Group (SGPYY) to Buy from Hold with a price target of 1,135 GBp, up from 1,100 GBp. Perceived GenAI winners such as cyclical semiconductors have gone parabolic, while large cap enterprise software stocks are now “in the penalty box,” notes the analyst, who believes Sage will be relatively insulated from the risk of AI-native software encroaching on its installed base.
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