MGIC: 3 Buy-Rated Software Stocks Under $20
Magic Software Enterprises Ltd.(NASDAQ:MGIC): Legions of investors have rotated away from expensive tech stocks this year on concerns over rising inflation and to exploit the opportunity to capitalize on the economic recovery by betting on cyclical stocks. But the resulting decline in tech stock prices has created an opportunity to buy fundamentally strong software stocks at low prices. Given this industry’s massive growth potential, we think it could be wise to bet on Magic Software (MGIC), Brightcove (BCOV), and Immersion (IMMR). All three names are currently trading at below $20 per share...