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Consider Scooping Up These 3 Software Stocks Down More Than 15% -Breaking

by Mike Robinson

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© Reuters. Take These 3 Stocks of Software Down to More Than 15%

The demand for software solutions will continue to rise as COVID-19 variant infections increase. There is also an increased number of people who work from home. We believe it would be prudent to place your money on high-quality software stocks Manhattan Associates, Commvault Systems and Model N (NYSE :). The current price of these stocks is below the 52-week highs. Keep reading. Companies are delaying returning to work due to increasing COVID-19-omicron cases. This should increase demand for software solutions.

Statista estimates that by 2026, the global software market will be worth $824.85 Billion. This is a 7.4% increase. The industry will also benefit from consistent innovations in artificial intelligence (AI), and the internet of things.

We believe it would be prudent to place a bet against fundamentally sound stocks Manhattan Associates, Inc., Commvault Systems, Inc., and Model N, Inc. While they are below their 52 week highs in price, there is significant upside potential.

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