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2 Popular Software Stocks Under $5 Wall Street Predicts Will More Than Double -Breaking

by Mike Robinson

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© Reuters 2 Popular Software Stocks Under $5 Wall Street Predicts Will More Than Double

The industry will see solid growth due to rising demand for software solutions. Wall Street analysts predict that low-priced software stocks Otonomo and Exela will more than double their prices in the short term. So, we think it could be worth adding these stocks to one’s watch list. Continue reading. The software industry is growing thanks to the continued growth of remote work and digital transformation. Investors’ interest in this space is evidenced by the SPDR S&P Software & Services ETF’s (XSW) 49.7% gains over the past year, versus the SPDR S&P 500 Trust ETF’s (SPY) 38.3% returns.

Software industry growth should continue to be supported by the increasing demand for software services and products in almost all industries. Grand View Research predicts that the worldwide business software and services market will grow by 11.3% between 2021-2028.

Given this industry’s promising prospects, analysts are highly optimistic about the near-term performance of low-priced software stocks Otonomo Technologies Ltd. (OTMO) and Exela Technologies, Inc. (NASDAQ:). So, we think it could be wise to add these stocks to one’s watchlist.

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