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This story originally appeared on MarketBeat
If you are primarily a growth investor, the chances are good that you haven’t had the best year in the markets thus far. Many of the high-growth names that were huge winners in 2021 have faced serious selling pressure amidst valuation and inflation concerns. With that said, we are now seeing some of these names bounce back and get closer to making new highs. The true leaders in the software space are being established with every passing day, and it might pay off for investors to take notice.
Rapidly growing software stocks can be tricky to assess since most of the time they are unprofitable and are priced based on their future prospects. With that said, several software names producing groundbreaking technology are clearly favorites among institutional and retail investors at this time. These stocks are making a big comeback after a correction or consolidation period and are certainly worth watching going forward. Let’s take a look at 3 software growth stocks making a comeback below.
Cloudflare Inc (NYSE:NET)
If you are a fan of legendary trader Jesse Livermore and his strategies, you might be familiar with his “Century Mark Rule”. This rule states that “when a stock crossed $100 or $200 or $300 for the first time the price does not stop there but goes a good deal higher so that if you buy it as soon as it crosses the line it is almost certain to show you a profit.” That’s a big…
