The U.S. stock market performed well over the past year. The broad-based S 500 advanced 28%, the blue chip Dow Jones Industrial Average gained 18%, and the technology-heavy Nasdaq Composite soared 39%. But patient investors can still find buying opportunities on a budget.

For instance, Cloudflare (NYSE: NET) and Shopify (NYSE: SHOP) trade at reasonable valuations given their future growth prospects, and both stocks were priced at less than $100 per share at the time of writing.

Here's what makes these businesses worthwhile investments.

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Source Fool.com