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While major stock market benchmarks - including the S&P 500 Index ($SPX) and the Dow Jones Industrial Average ($DOWI) - are hovering near all-time highs, many individual stocks are still trading at a discount from their own record levels. That includes software stocks, most of which have significantly lagged the broader market this year.
However, for investors willing to “lean into more risk,” here are three underperforming cloud stocks that look like solid long-term investments in October 2024, according to investment bank Piper Sandler. Let’s see why.
