'These 4 Stocks Will Rebound Once the SaaSpocalypse Ends,' Says BofA

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2026.02.07 22:50
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Bank of America (BAC) identifies four enterprise software stocks poised for rebound post-'SaaSpocalypse': Snowflake (SNOW), MongoDB (MDB), Datadog (DDOG), and JFrog (FROG). BAC maintains a Buy rating on Snowflake with a $275 target, citing strong AI-driven demand. MongoDB also receives a Buy rating with a $500 target, driven by 30% Atlas revenue growth. Datadog's Buy rating is reiterated at $215, despite negative sentiment. JFrog's Buy rating remains at $74, with AI demand boosting its tools. Analysts see DDOG as having the most upside potential at 75.2%.