U is trading at $19.66 (-5.14%) as software stocks face pressure from AI disruption fears and escalating geopolitical tensions between Iran and Israel.
- Major indices fell sharply following weak February jobs data, which reported a loss of 92,000 positions compared to the 60,000 gain expected by analysts.
- BofA Securities recently upgraded the stock to Neutral with a $19 price target, suggesting limited upside catalysts for the stock at current levels.