![]() ![]() The first Jefferies pick we’ll look at is Microsoft, the Magnificent Seven stock on the list. ![]() We ran these software stocks through the TipRanks database to see what makes them stand out. Specifically, Thill has picked out MSFT, ADBE, and ESTC as his ‘Top Picks’ for this year. But would position selectively for better 2H driven by: fundamental acceleration, increased adoption of AI SKUs, lower interest rates, still reasonable valuation, and potential M&A pick-up.” 1H could be challenging given 4Q23 rally and seasonal Q1 black ice. Thill outlines the overall picture: “Expect '24 to be another positive year for software, though likely see more measured returns vs. He’s picked out the software segment as most likely to benefit from conditions this year, and telling us that this ‘will be another good year.’ Looking at 2024, analyst Brent Thill of Jefferies sees some short-term bumps in the road ahead – but smoother going in the second half. ![]()
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