Buy, Hold, or Sell: How Should Investors Approach These 3 Software Stocks This Week?

The tech sector has garnered significant investors’ interest this year despite the macroeconomic uncertainties, as evidenced by the NASDAQ Composite’s impressive year-to-date return of 34.2%.

However, while I think quality tech stock eGain Corporation (EGAN – Get Rating) might be a solid buy now, Oracle Corporation (ORCL – Get Rating) might be best kept on hold, and Robinhood Markets, Inc. (HOOD – Get Rating) might be best avoided, given its weak fundamentals.

There has been a substantial increase in enterprise data, creating a surge in demand for related services and solutions. Furthermore, the market is bolstered by growing concerns regarding network security and privacy.

As businesses and individuals become more aware of the risks associated with data breaches and unauthorized access, there is a heightened demand for robust security measures and privacy safeguards.

The global software market is expected to grow at a CAGR of 11.5% from 2023 to 2030.

Moreover, the rapid increase in the automation of business processes across various industries like retail, manufacturing, healthcare, and transportation fuels the growing demand for business software and services. This trend emphasizes the need for innovative technologies and tools.

As a result, the global business software and services market is expected to expand at a CAGR of 11.9% until 2030.

In addition, the global artificial intelligence market has experienced significant growth in recent years. The global Artificial Intelligence (AI) market is projected to reach approximately…

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