Customer ResistanceResistance from some customers about the pricing structure for new products leads to a more cautious stance on the magnitude of medium-term NRR uplift.
Earnings OutlookEarnings setup appears less favorable due to tougher comparisons, and current projections require a significantly successful outcome over the forecasted period.
Stock RatingGiven the rising valuation, the rating is being lowered to NEUTRAL (from Buy), despite an increase in the price target.