Cloud Computing: Find Top Cloud Stocks And Track Industry Trends Nasdaq It touched a 52-week high of $2,035.80 in July this year but is currently trading around $1,707 with a market cap of $877 million.Its stock is trading at $121 with a market cap of $29.6 billion, up 78% from its 52-week low of $75.75 nearly a year ago. While the size of the cloud pie is expanding, Rangan says Salesforce should continue to gain market share in the long-term.Bank of America has a Buy rating and $215 price target for CRM stock.While Amazon’s core e-commerce business is still going strong, its Amazon Web Services cloud segment has been the company’s major growth driver in recent years.Bank of America has a Buy rating and $2,330 price target for AMZN stock.Post projects 2020 Azure revenue of $25 billion, up 46% from 2019 levels. And that might well create an opportunity.After all, this has been a market where growth stocks have outperformed value stocks for years. In this kind of market, at a price not far from all-time lows, the rewards seem worth taking on the competitive risk for a potentially defensive stock.It’s not hard to see why. That’s enough to make the stock look at least interesting.Admittedly, PAYC still looks hugely expensive on a revenue basis, at over 18 times trailing twelve-month revenue. It’s provided everything investors want from growth stocks — including enormous upside.That hasn’t been enough to insulate the stock from selling pressure in recent weeks, however. Rangan projects Creative Cloud subscribers could double from around 14.5 million in fiscal 2018 to around 29 million by fiscal 2023. It’s now at $170 and falling. The opportunity in software-as-a-service is enormous. At 22 times revenue, PLAN isn’t cheap. After Microsoft beat out Amazon for the $10 billion Department of Defense JEDI cloud contract back in October, Post revised his long-term Azure projections. Square can grow into a current roughly 50x forward multiple (backing out cash). The company is one of the largest SaaS plays out there, with revenue clearing $3 billion. Among the smaller players, we like inbound marketing specialist HubSpot Its stock is trading at $157.4 with a market capitalization of $6.7 billion, up 266% from its 52-week low of $108.4 in December last year. Its diversified reach should keep it a behemoth for years to come. In the long-term, Post estimates Azure gross margins could settle in the mid-40% range. Like most cloud growth stocks, Proofpoint stock isn’t cheap. It had touched a 52-week high of $207.98 in August this year.Its stock is trading at $99.1 with a market capitalization of $6.45 billion, up 105% from its 52-week low of $48.34 in December last year.
SQ stock still sits 40% below last year’s highs.All that said, I wrote a month ago that Square stock was Here, too, valuation isn’t necessarily cheap. Cloud stocks on the whole fell during the market-wide selloff in last year’s fourth quarter. But a 60 times forward price-to-earnings multiple, against a nearly 30% EPS growth rate, means the company can grow into that valuation. The Another strong secular trend is the growing need for cybersecurity solutions. One Interestingly, PFPT stock has dodged the general weakness afflicting SaaS stocks. While the size of the cloud pie is expanding, Rangan says Salesforce should continue to gain market share in the long-term.Bank of America has a Buy rating and $215 price target for CRM stock.While Amazon’s core e-commerce business is still going strong, its Amazon Web Services cloud segment has been the company’s major growth driver in recent years.Bank of America has a Buy rating and $2,330 price target for AMZN stock.Post projects 2020 Azure revenue of $25 billion, up 46% from 2019 levels.
But Adobe has earned the upside in its stock — and this still looks like an excellent pick going forward.Like many of those stocks, CRM has pulled back. In the long-term, Post estimates Azure gross margins could settle in the mid-40% range. quotes delayed at least 15 minutes, all others at least 20 minutes. SQ still trades at a substantial discount to SHOP, its fellow small-business-focused play. We have, thus, zeroed down on four solid SaaS stocks that are worth a look next year.
It touched a 52-week high of $176.9 in July.6. Bank of America estimates Adobe’s 2022 total addressable market is now $128 billion, including $31 billion for Creative Cloud, $13 billion for Document Cloud and $84 billion for Digital Experience.Bank of America has a Buy rating and $350 price target for ADBE stock.Twilio helps developers integrate communication capabilities into software applications.Bank of America has a Buy rating and $138 price target for TWLO stock.Splunk is a cloud platform for collecting, analyzing and storing machine-generated data. Admittedly, none seem notably cheap — and there’s no reason selling pressure can’t continue in the near term. He says Salesforce should be a core cloud holding, and Bank of America has it included in its US1 list of top America stocks.
Demand for its services isn’t going to wane. 1125 N. Charles St, Baltimore, MD 21201. But a 60 times forward price-to-earnings multiple, against a nearly 30% EPS growth … Additionally, one can also explore other new-age technology streams which include: - List of 5G Stocks - List of Robotics Stocks - List of Gaming Stocks - List of Internet Stocks - List of Blockchain Stocks This page is updated every week/month. The year 2019 is coming to an end, and here, we do a review of the best performing