10 Oversold Software Stocks to Buy According to Analysts

2) CXApp Inc. (NASDAQ:CXAI)

% Decline Over Past 6 Months: ~33.8%

Average Upside Potential: ~211.5%

Number of Hedge Fund Holders: 6

CXApp Inc. (NASDAQ:CXAI) is a software business, which remains focused on AI-driven workplace solutions. In Q3 2024, the company witnessed 18% growth in recurring revenue and a net retention rate of 106%. During the quarter, CXApp Inc. (NASDAQ:CXAI) saw an increase in revenue to $1.9 million, fueled by a robust shift to subscriptions-based services.

Moving forward, CXApp Inc. (NASDAQ:CXAI)s strong performance can be supported by its shift towards a subscription-based model and its focus on creating value through scalable, recurring revenue. Given that 88% of the company’s revenue is derived from subscriptions, CXApp Inc. (NASDAQ:CXAI) continues to position CXApp for consistent and sustainable growth, aligning with the clients’ dynamic needs. The company remains focused on strengthening its cloud partnerships as it has announced the availability of its flagship product, CXAI, and its generative AI-based analytics platform, CXAI VU, on AWS Marketplace.

Overall, the expansion of AI-driven SaaS, workplace automation, and hybrid work is expected to fuel demand for CXApp Inc. (NASDAQ:CXAI)’s smart workplace solutions. With software continuing to transform workplaces, the company is well-placed to capitalize on growth opportunities.