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3 Large Cap Tech Laggards with Good Growth Prospects

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14.10.2021

From semiconductor shortages to demand concerns to inflation worries, there has been no shortage of pressures on the global technology sector. After a rough September performance, the sector has struggled to make up ground this month amid intensifying supply chain challenges.

In some cases, the sell-off has been warranted given the valuations and modest growth outlooks of certain companies. In other cases, the tech slump has dragged down shares of companies that have little exposure to the industry-wide headwinds, have reasonable valuations, and strong long-term growth prospects.

It is expected to take time before the supply-demand dynamics hampering the technology space subside. But as these pressures alleviate, some businesses will have bright growth opportunities to look forward to.

These are three underperforming tech stocks that analysts are expecting big things out of in 2022 and beyond.

Will Coupa Software Stock Rebound in 2022?

Shares of Coupa Software (NASDAQ: COUP) more than doubled in each of the last three years, so a breather may have been overdue in 2021. Although the stock is down 27% year-to-date, it has some of the best growth prospects among large cap tech names.

The provider of cloud-based business spend management (BSM) software is expected to record 40% lower earnings this year. With the pandemic........

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