I've had my eye on Avalara (AVLR), a software platform focused on sales tax compliance, for quite some time - but as an expensive cloud stock, there were few opportunities to buy it. The tectonic shift that has occurred in SaaS stock valuations over the past two months, however, has rendered some previously unbuyable software companies at newly attractive valuations. This is especially true as many software companies have been collateral damage and punished for the decelerating growth of other competitors, even though they haven't shown any deceleration themselves.
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