Citi woke up this morning and decided to ruin six software stocks before most of us had our coffee.
Somebody get this guy a raise โ clearly heโs got the crystal ball (or just read the earnings reports the rest of us are ignoring).
Downgraded from Buy to Neutral:
โข DocuSign (DOCU)
โข Veeva Systems (VEEV)
โข Autodesk (ADSK)
โข Nice (NICE)
โข CCC Intelligent (CCC)
โข SimilarWeb (SMWB)
And because one bloodbath wasnโt enough, UBS joined the party and cut ServiceNow (NOW) to Neutral too.
Absolute genius. Nothing says โweโre very confidentโ like six simultaneous โmehโ ratings.
The software bros are currently updating their rรฉsumรฉs in 4K.