JPMorgan downgraded Trend Micro (TMICY) to Neutral from Overweight with a price target of 8,100 yen, down from 12,000 yen. IT investments continue to be cut overseas, competition appears to be getting tougher and the firm expects earnings growth to decelerate temporarily in FY26 because the company plans to phase out support for non-Vision One subscription customers, the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMICY:
- Trend Micro’s Earnings Call: AI Growth Amid Challenges
- Trend Micro Reports Mixed Financial Results Amid Market Uncertainty