MNDY - Technology Bear Market: 3 Software Stocks Primed to Recover
The technology industry has borne the brunt of the market downturn. Many of the more prominent growth stocks have lost more than three-fourths of their value as negative sentiment weighs on the market.
However, amid the pessimism, many companies continue to deliver positive returns for investors. As the negativity abates, it could foster a comeback in growth tech stocks , and companies such as Roper Technologies, Inc. (NYSE: ROP) , M onday.com (NASDAQ: MNDY) , and PayPal Holdings (NASDAQ: PYPL) have positioned themselves for such a recovery.
Jake Lerch (Roper Technologies): There are plenty of beaten-down software stocks out there. And I've highlighted ones like Salesforce , Workday , and Snowflake as long-term buy-and-hold opportunities. However, I decided to go "against the grain" for my pick this week. Instead of choosing a former high flyer that's fallen out of favor, I picked a defensive stock within the software industry. Roper has outperformed its sector average and sports a price-to-earnings (P/E) ratio of only 14 .
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Technology Bear Market: 3 Software Stocks Primed to Recover