Insider Monkey·2026-03-12 08:01Industry Overview - The software industry has faced significant declines, with software application and infrastructure sectors down over 20% and 50% respectively as of March 10, 2026, and a 30% and 20% drop in the last six months [2] - The S&P 500 Software index has fallen 28% since late October 2025, prompting U.S.-listed software companies to announce $70.50 billion in stock repurchase authorizations since January 12, 2026 [5] Analyst Sentiment - Deutsche Bank reports that no major software company anticipates a negative revenue impact from AI in 2026, leading to an upgrade of the U.S. and European technology sector from "Underweight" to "Neutral" and an "Overweight" rating on software stocks [3] - Despite a cautious investor sentiment towards Fair Isaac Corporation, over 70% of covering analysts remain bullish on the stock, with a consensus price target reflecting a 40% upside potential [13][14] Company Highlights Snowflake Inc. (NYSE:SNOW) - Snowflake Inc. has 90% analyst confidence, with a consensus price target of $240.00 indicating a 31.26% upside potential, despite a 17% decline since the start of 2026 [9] - The company reported a fourth-quarter growth of 30%, exceeding Street estimates by 2.20%, and management expects over 26% organic growth in FY27 [11] Fair Isaac Corporation (NYSE:FICO) - Fair Isaac Corporation has seen a 15% decline in 2026, but strong first-quarter results have renewed analyst confidence, with revenue, margins, and EPS surpassing expectations [13][15] - Analysts project over 20% EPS growth for Fair Isaac Corporation, with a revised price target of $1,777, down from $2,070, while maintaining a "Buy" rating [16]