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Software Bear Market: 5 Stocks With 42% to 209% Upside to Buy Now

Yahoo Finance •
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Dan Ives, a Wedbush analyst, argues the current software sell-off is overdone, identifying five stocks offering significant upside despite broader market fears. Microsoft (MSFT) has fallen 25% from its peak and is trading at 25x earnings, yet Ives sees 42% upside potential to his $575 price target. CrowdStrike (CRWD) is another standout, down 25% and valued at 22x sales, with Ives projecting 44% gains to $600. Snowflake (SNOW) faces a 35% decline but Ives targets $270, implying 51% upside on its AI-driven data platform. Salesforce (CRM) is down 44% and valued at 25x earnings, yet Ives expects 103% upside to $375, citing its AI moat. Palantir (PLTR) trades at a steep 210x earnings but Ives believes it could surge 209% to $230, calling it a potential trillion-dollar company. The analyst contends these stocks provide a buying opportunity amid the software bear market.