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Dipanjan Banchur

Are These 3 Software Stocks a Good Investment?

Karo Egan Ibex eGain Corporation Dipanjan BanchurSince Steve Reitmeister Karooooo Ltd

The tech industry faced several challenges last year due to high inflation and the Fed’s aggressive interest rate hikes. With inflation continuing to ease and the end of rate hikes in sight, tech stocks have rebounded sharply this year, with the tech-heavy Nasdaq Composite rising 37.2% year-to-date.

To that end, it could be wise to buy fundamentally strong software stocks Karooooo Ltd. (KARO), IBEX Limited (IBEX), and eGain Corporation (EGAN).

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