Software Companies to Be Hit By Enterprise Slowdown on Tariffs Environment -- Market Talk

Dow Jones

Apr 16, 2025

1400 ET - Software companies are expected to face a slowdown in activity from enterprises as they seek to preserve cash in the current environment, BofA Securities analysts say in a research note. While tariffs pose little direct impact to the software industry, with the exception of eCommerce companies such as Shopify, the cyclical nature of software project approvals represents a threat, the analysts say. BofA lowers its 2Q and 2025 estimates 1% and 4% across the software industry. With the software group off 18% from February 18, the analysts say they are also lowering price targets on stocks. "While positive tariff-related news flow could drive a step-change recovery of multiples (as seen following the 90-day tariff pause headline), we believe it's prudent to adjust price objectives based on the environment we are in today." (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 15, 2025 14:00 ET (18:00 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2527517426"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2527517426\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2527517426?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-16 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2527517426","market":"us","top_or_hot":-1,"title":"Software Companies to Be Hit By Enterprise Slowdown on Tariffs Environment -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1400 ET - Software companies are expected to face a slowdown in activity from enterprises as they seek to preserve cash in the current environment, BofA Securities analysts say in a research note. While tariffs pose little direct impact to the software industry, with the exception of eCommerce companies such as Shopify, the cyclical nature of software project approvals represents a threat, the analysts say. BofA lowers its 2Q and 2025 estimates 1% and 4% across the software industry. With the software group off 18% from February 18, the analysts say they are also lowering price targets on stocks. \"While positive tariff-related news flow could drive a step-change recovery of multiples (as seen following the 90-day tariff pause headline), we believe it's prudent to adjust price objectives based on the environment we are in today.\" (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2025 14:00 ET (18:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Software Companies to Be Hit By Enterprise Slowdown on Tariffs Environment -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftware Companies to Be Hit By Enterprise Slowdown on Tariffs Environment -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-16 02:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1400 ET - Software companies are expected to face a slowdown in activity from enterprises as they seek to preserve cash in the current environment, BofA Securities analysts say in a research note. While tariffs pose little direct impact to the software industry, with the exception of eCommerce companies such as Shopify, the cyclical nature of software project approvals represents a threat, the analysts say. BofA lowers its 2Q and 2025 estimates 1% and 4% across the software industry. With the software group off 18% from February 18, the analysts say they are also lowering price targets on stocks. \"While positive tariff-related news flow could drive a step-change recovery of multiples (as seen following the 90-day tariff pause headline), we believe it's prudent to adjust price objectives based on the environment we are in today.\" (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2025 14:00 ET (18:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051108.HKD","symbol_name":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527517426","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527517426","pubTimestamp":1744740000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1400 ET - Software companies are expected to face a slowdown in activity from enterprises as they seek to preserve cash in the current environment, BofA Securities analysts say in a research note. While tariffs pose little direct impact to the software industry, with the exception of eCommerce companies such as Shopify, the cyclical nature of software project approvals represents a threat, the analysts say. BofA lowers its 2Q and 2025 estimates 1% and 4% across the software industry. With the software group off 18% from February 18, the analysts say they are also lowering price targets on stocks. \"While positive tariff-related news flow could drive a step-change recovery of multiples , we believe it's prudent to adjust price objectives based on the environment we are in today.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4548":"巴美列捷福持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4116":"互联网服务与基础架构","BK4585":"ETF&股票定投概念","BK4551":"寇图资本持仓","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","BK4524":"宅经济概念","BK4532":"文艺复兴科技持仓","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4613":"AI应用软件","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","BK4566":"资本集团","BK4528":"SaaS概念","SHOP":"Shopify Inc"},"translate_title":"软件公司将因关税环境而受到企业放缓的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":0.9},"content_text":"1400 ET - Software companies are expected to face a slowdown in activity from enterprises as they seek to preserve cash in the current environment, BofA Securities analysts say in a research note. While tariffs pose little direct impact to the software industry, with the exception of eCommerce companies such as Shopify, the cyclical nature of software project approvals represents a threat, the analysts say. BofA lowers its 2Q and 2025 estimates 1% and 4% across the software industry. With the software group off 18% from February 18, the analysts say they are also lowering price targets on stocks. \"While positive tariff-related news flow could drive a step-change recovery of multiples (as seen following the 90-day tariff pause headline), we believe it's prudent to adjust price objectives based on the environment we are in today.\" (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2025 14:00 ET (18:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}