These companies are riding the steady tailwind of cloud adoption and should put up strong revenue growth for years.
Although the markets soured on most growth stocks amid rising inflation, interest rates, and fears of an economic slowdown, it could only be a matter of time before fundamentally strong stocks rebound as investors size up their potential and realize they deserve a better valuation. Shopify (NYSE: SHOP), Salesforce (NYSE: CRM), and Nio (NYSE: NIO) are three such stocks that were battered but look like screaming buys right now for 2023. 2022 was a brutal year for Shopify.
Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store.