Shares of Palantir (NYSE: PLTR), Twilio (NYSE: TWLO), and HubSpot (NYSE: HUBS) each had a great month of January, rising 21.2%, 22.2%, and 20%, respectively, according to data from S&P Global Market Intelligence. Second, each is part of a new cohort of software businesses that enable companies to do more with data and automate either operations or customer communications. During the month of January, many beaten-down growth stocks saw a big bounce from their lows.
The S&P 500 index is widely viewed as a benchmark for the broader U.S. stock market. Here's why these growth stocks are worth buying today. HubSpot is a software company that specializes in customer relationship management (CRM).
These three stocks have strong long-term prospects, sustainable cash flows, and reasonable valuations.