Connect with us

Hi, what are you looking for?


3 Buy-Rated Software Stocks Under $20

Stock Markets28 minutes ago (Jun 11, 2021 11:01AM ET)

(C) Reuters. 3 Buy-Rated Software Stocks Under $20

Legions of investors have rotated away from expensive tech stocks this year on concerns over rising inflation and to exploit the opportunity to capitalize on the economic recovery by betting on cyclical stocks. But the resulting decline in tech stock prices has created an opportunity to buy fundamentally strong software stocks at low prices. Given this industry’s massive growth potential, we think it could be wise to bet on Magic Software (MGIC), Brightcove (BCOV), and Immersion (NASDAQ:IMMR). All three names are currently trading at below $20 per share. Read on.
Even though the majority of the software stocks generated massive returns last year on the back of an increased remote working trend amid the COVID-19 pandemic, investors have been rotating away from expensive tech stocks this year on concerns over rising inflation and to benefit from the strong upside potential of cyclical stocks amid the economic recovery. However, tech stocks’ price retreat has made the valuations of fundamentally strong software stocks reasonable now.

Because the hybrid working model is here to stay, the software industry should witness solid growth this year and beyond. It is also expected to benefit from the ongoing, global digital transformation and increasing automation of processes across several industries, including retail, manufacturing and healthcare. According to Grand View Research, the global business software and services market is expected to grow at an 11.3% CAGR over the next seven years.

Software companies Magic Software Enterprises Ltd. (NASDAQ:MGIC), Brightcove Inc. (BCOV), and Immersion Corporation (IMMR) have immense growth potential, but their stocks are currently trading below $20 per share. So, we think it could be wise to bet on them now.

Continue reading on StockNews

3 Buy-Rated Software Stocks Under $20

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...


If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...


ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved