DUG's Investment Case Intact Despite Global Software Selloff -- Market Talk

Dow Jones
02/09

2119 GMT - The global selloff in software stocks has created a buying opportunity in DUG Technology, says Euroz Hartleys. DUG's share price has fallen 25% over the past two weeks. That's despite no specific news from the company or a deterioration in the stock's fundamentals. To analyst Declan Bonnick, DUG's share-price weakness "reflects an amplification of a broader market/U.S. software/software-as-a-service stock AI threat selloff." Euroz Hartleys considers the DUG investment case to be intact ahead of the company's 1H result on Feb. 26. It is grounded in contracted revenues. "Improving oil price sentiment could provide additional tailwinds, given DUG's exposure to oil and gas activity," Euroz Hartleys says. It retains a speculative buy call and A$3.10/share price target on DUG, which ended last week at A$1.61. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

February 08, 2026 16:19 ET (21:19 GMT)

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