2025-05-22-Jefferies-邀请软件下载-财报_实地考察要点_美国东部时间5月23日上午9点_6页_76kb

Summary of Jefferies Equity Research Report: Software (May 22, 2025)

Event Invitation

The report invites attendees to a download session on software earnings insights for May 23 at 9:00 am ET, featuring Jefferies analysts. This preview is for an upcoming annual software conference.

Speakers and Analyst Certification

• Brent Thill, U.S. Equity Analyst for Software/Internet, certifies personal views on the research. Compensation may relate to firm performance, including investment banking.
• Jeff Favuzza, TMT Sector Specialist, is involved in the event.
  All recommendations and views are subject to conflicts, and analysts advise readers to make independent investment decisions based on their circumstances.

Investment Recommendations

• Jefferies assigns ratings (Buy, Hold, Underperform) based on expected 12-month total return: Buy aims for 15% or more, Hold for +15% to -10%, Underperform for -10% or less. Price targets use methodologies like DCF, EBITDA, P/E ratios, and more.
• Franchise Picks highlight high-conviction stock ideas, limited to Buy-rated stocks, based on fundamental analysis and themes, with stops set at 15% or 20% volatility.

Risks and Disclaimers

• Key risks include market volatility, currency fluctuations, and potential conflicts of interest due to Jefferies' business relationships with companies covered in the research.
• The report is general in nature, past performance does not guarantee future results, and it is intended for Jefferies clients only, with unauthorized distribution prohibited. Legal disclosures detail disclaimers and regional requirements.

Additional Notes

• The disclaimer section outlines conflicts, registration details, and limitations on the research's suitability for investors.