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However, the industry’s solid growth prospects are fostering stiff competition among existing and new players in this space. Also, investors’ optimism about the industry’s potential has caused many software stocks to hit valuations that are not justified by their current or expected financials.
Weak fundamentals and earnings growth potential could cause Snowflake Inc. (SNOW) and Verb Technology Company, Inc. (NASDAQ:VERB) to suffer a downturn in the near term. So, we think these stocks are best avoided this summer.
