3 Tech Stocks Down 37% to 60% to Buy for 2022

A broad array of tech stocks have been sold off by the market over the last few months. Experienced investors know that this kind of market malaise is temporary. Stocks of strong-growing companies will bounce back as those companies continue to perform.

Given the market conditions, three longtime investors selected stocks that have taken it on the chin lately but are great buys for the coming year. They chose HubSpot (NYSE:HUBS), Snap (NYSE:SNAP), and Zoom Video Communications (NASDAQ:ZM), which are off their highs from 37% to 60%.

Image source: Getty Images.

Caught in the wicked tech undertow

Danny Vena (HubSpot): It wasn’t terribly long ago that investors were singing the praises of HubSpot, driving the software-as-a-service (SaaS) stock to a new all-time high. Now, just two months later, the company has suffered a reversal of fortune, with the stock down almost 40%. What changed during that time? In a word: nothing.

From an investing standpoint, HubSpot has continued to execute on its vision, with no company-specific news driving the decline. The company is expanding beyond its inbound marketing roots on its journey to becoming a full-service customer relationship management (CRM) platform.

That’s not to say that HubSpot has abandoned the inbound marketing that it pioneered, changing the way advertisers attract potential customers. The company continues to focus on brand awareness and marketing automation, meeting customers…

Read More…