US savings measures put pressure on the software industry – but not all companies are losers. Amber analysts are optimistic.
• Software market under pressure
• Economic weakening fears
• Bernstein analysts are optimistic
The current austerity policy of the US government seems to cause unrest at the software market. But while some companies come under pressure at short notice, analysts probably see long-term opportunities for certain tech companies.
Software industry under pressure
The stock prices of several large software companies have dropped significantly since the beginning of the year. Serviceenow recorded a decline from 22.27 percent to $ 831.99, Salesforce lost $ 270.00 and Adobe lost $ 385.78 (level of data: 02.04.2025).
The reasons for the downward trend seem in many ways: in addition to the fears of economic weakening, the restructuring of the US federal authorities by the so-called “Department of Governmental Efficiency” (Doge) ensures uncertainty. In addition, the hoped -for sales increases due to artificial intelligence (AI) have so far been behind the expectations, as Marketwatch reports.
ServiceNow: From a problem to chance?
ServiceNow is particularly affected, which generates around 8-9 percent of its sales with US federal authorities. By reducing personnel in the authorities, the demand for software licenses, which are often billed per user, could decrease at short notice.
Nevertheless, amber analysts see long-term opportunities for the company. As soon as the market adapts to the new reality, the demand for productivity software could even increase. Serviceenow is currently evaluated and can prove to be “the next Microsoft”, the analysts Marketwatch write.
The experts also see potential for Adobe, although the market mood is currently still skeptical. Unconsciousness due to changes in the reporting structure and the competition from smaller and larger providers would burden the share. However, a possible recovery could arise if Adobe achieves its goals for recurring AI sales.
Security technologies are less affected by the savings of the US government than other software areas. Companies such as Palo Alto Networks and Zscalers in particular could benefit.
While Palo Alto Networks is heading for lighter quarters after a difficult comparison year, Zscaler seems to make progress with his revised sales strategy. ZSCALER has already increased by $ 208.10 this year, while Palo Alto Networks lost almost five percent in value and most recently cost $ 170.63 (state of the data: 02.04.2025).
Salesforce: cautious forecasts
The analysts at Salesforce are less optimistic, they rate the stock with “underperform”. While the company is raising hopes with its new “agentforce” technology, it could take years before AI would be a significant growth driver: “The mood of investors and the stock price was strengthened by the expectations of Agentforce, but the development of agent-based AI is still in its infancy, and even if the product is extremely successful, it could still take years until it could take a sufficiently strong growth driver is. “How Marketwatch cited the amber analysts in this context. At the same time, organic sales growth weakens.
Editor finance.net
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