4 Software Stocks Rated 'Strong Buy' in the POWR Ratings

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The continuing increase in COVID-19 cases is forcing companies to delay their office reopening plans, so the demand for advanced software products and solutions continues to rise. Also, growing interest in advanced driver assistance systems (ADAS), machine learning, and artificial intelligence position the industry well for growth. The global software market is expected to grow at a 7.4% CAGR to $825.02 billion by 2026.

Therefore, fundamentally sound software stocks Commvault Systems, Inc. (CVLT), Enghouse Systems Limited (EGHSF), American Software, Inc. (AMSWA), and eGain Corporation (EGAN) could be solid bets now. Also, our proprietary POWR Ratings system has rated these stocks ‘Strong Buy.’

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