3 Top Software Stocks to Buy for the Long Haul
Investors are fleeing expensive-looking software names this year. For some, the sell-off has been quite deserved, as many software names came into the past six months at nosebleed valuations.
But not all of them did, and with the entire sector being tossed out, savvy buyers appear to be swooping in. After all, private equity firm Thoma Bravo just agreed to purchase enterprise planning software firm Anaplan for $10.2 billion -- a show of confidence in a sector many investors are running from today.
While much will depend on interest rates and inflation, some high-quality software names are down significantly from their highs. Some that offer very in-demand tools for the new economy now trade at very reasonable valuations, making them solid pickups for savvy long-term investors unafraid to go against the grain.
Source Fool.com
