Software Stock Strength: 3 Names to Buy Now
Several software stocks are showing relative strength at this time and could be poised to outperform in this quarter and beyond. That’s why we’ve crea…
This story originally appeared on MarketBeat
While investors certainly have to pay up for quality software stocks, it’s hard to deny that these companies could have the most growth potential in the market. The sector took a hit earlier this year after fears that hot inflation numbers would cause interest rates to increase, but it’s clear that high-growth tech names are back in favor at this time. Valuations for many of these companies are at a premium, but with trends like the digital transformation of businesses, a growing need for cybersecurity, and fascinating advances in Artificial Intelligence and Machine Learning, it’s hard to argue against adding exposure to the software space.
Now that we have major earnings out of the way for many of the biggest companies in tech, new market leaders are beginning to emerge. Several software stocks are showing relative strength at this time and could be poised to outperform in this quarter and beyond. That’s why we’ve created a brief overview of 3 attractive names in the sector to buy now. Let’s take a deeper look below.
HubSpot (NYSE:HUBS)
HubSpotDataDog (NASDAQ:DDOG)
DataDogZoomInfo Technologies (NASDAQ:ZI)
softwareWhile investors certainly have to pay up for quality software stocks, it’s hard to deny that these companies could have the most growth potential in the market. The sector took a hit earlier this year after fears that hot inflation numbers would cause interest rates to increase, but it’s clear that high-growth tech names are back in favor at this time. Valuations for many of these companies are at a premium, but with trends like the digital transformation of businesses, a growing need for cybersecurity, and fascinating advances in Artificial Intelligence and Machine Learning, it’s hard to argue against adding exposure to the software space.
Now that we have major earnings out of the way for many of the biggest companies in tech, new market leaders are beginning to emerge. Several software stocks are showing relative strength at this time and could be poised to outperform in this quarter and beyond. That’s why we’ve created a brief overview of 3 attractive names in the sector to buy now. Let’s take a deeper look below.
