Software application and internet stocks are among the biggest winners this year amid the historic market volatility. Technology companies have been generally resilient to the economic disruptions caused by the COVID-19 pandemic, with some even benefiting from themes like work-from-home and the ongoing migration to cloud computing. Many of these early-stage growth companies with a disruptive product or service benefiting from an expanding market segment are typically rewarded with a large valuation premium.
The challenge for investors is to find a fair value in these companies which often times have a share price that has