Jim Cramer Named 9 Software Stocks as Potential Undervalued Buys

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1. Box, Inc. (NYSE:BOX)

Number of Hedge Fund Holders: 35

Box, Inc. (NYSE:BOX) is one of the software stocks that Jim Cramer named as potential undervalued buys. Cramer started his list with the stock and commented:

Let’s go through some of my favorites… Let’s start with Box… document storage and collaboration software play with a stock that’s down 36% from its high. CEO Aaron Levie was on CNBC earlier this week, and I thought he gave a great rebuttal to the idea that AI will make enterprise customers completely abandoned third party software… Box is expected to grow its earnings at a 15% clip this year, and it sells for just 16 times this year’s earnings estimates. That’s pretty darn cheap, especially since Box hasn’t had any trouble meeting the estimates.

Box, Inc. (NYSE:BOX) provides a cloud-based platform that allows organizations to securely manage, share, and collaborate on digital content from any device.

While we acknowledge the potential of Box, Inc. (NYSE:BOX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BOX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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