While tech valuations were inflated in 2021, that's no longer the case in late 2022. In fact, I would argue that many of these companies are fairly priced or even undervalued. This notion should give investors confidence to buy stocks right now, as a recovery could be imminent.

Three stocks at the top of my shopping list are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Airbnb (NASDAQ: ABNB), and Adobe (NASDAQ: ADBE). Each of these businesses trades at a reasonable price, and today marks a prime investment opportunity for each.

Alphabet, Google's parent company, has had a rough year for one reason: its advertising revenue concentration. Advertisement revenue falls as the economic outlook worsens, and with nearly 80% of Alphabet's revenue derived from advertising sources, investors are worried.

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Source Fool.com