Oppenheimer Names Microsoft, ServiceNow, Braze as Top AI Software Stocks

Oppenheimer analysts identified Microsoft, ServiceNow, and Braze as the top software stocks positioned to benefit from AI-driven revenue growth. In a report released Monday, the firm stated that companies serving as a system of record for enterprise data with pricing models combining seat licenses and consumption charges have the clearest path to stock outperformance.

Analysts highlighted Microsoft for its massive installed-base distribution and ServiceNow for its growth and security tailwinds. Despite Braze losing nearly a third of its value this year, the firm characterized the company as offering one of the most attractive risk-reward profiles in their universe.

These recommendations come as the firm suggests that evidence of AI-driven revenue gains could ease broader fears of disruption within the software sector.