This Best-In-Class Software Stock Is Ready To Bounce Back

The market has become impatient — but the long-term story looks intact

Highlights:

• An ugly year-to-date performance has been driven by decelerating growth. Management believes the problem is macro-related; investors disagree.

• There’s a strong case for taking management’s side. This software business has performed exceptionally well since its founding, and has the best product in its space.

• Mid-term tailwinds around the value of first-party data and a potential boost from genAI can drive a re-acceleration in sales.

• Our base case calls for a 3-5 year double. In a bull case scenario, this name can be a massive winner.