Bank of America: Application software spending up 13.2% YoY; agentic AI will not commoditize software
Source：
www.techflowpost.com
Bank of America believes Agentic AI will not commoditize software, shifting the moat from interfaces and standardized implementations to trusted data, industry knowledge, the AI control plane, and partner networks. The firm assigns a Buy rating and €226 price target to SAP, a Buy rating and $300 price target to Autodesk, a Buy rating and $320 price target to Twilio, and an Underperform rating with a $15 price target to UiPath.