PAYC - 2 Beaten-Down Growth Stocks to Buy Before They Rocket Higher
2024-02-13 07:25:00 ET
While some growth stocks are soaring, boosted by the hype surrounding artificial intelligence, others are being left behind. Human capital management software provider Paycom Software (NYSE: PAYC) and ad tech company PubMatic (NASDAQ: PUBM) have seen their stocks beaten down since peaking during the pandemic.
While investors have grown weary of Paycom and PubMatic as growth rates for both companies have contracted, there are some good reasons to buy and hold these two stocks ahead of a potential recovery.
The best companies are willing to break a few eggs to make an omelet. Paycom has built its reputation over decades on making life easier for its customers. The company's human capital management platform requires little configuration, is user-friendly, and covers a wide range of functionality. These features free clients from the pain of cobbling together multiple point solutions.
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2 Beaten-Down Growth Stocks to Buy Before They Rocket Higher