Best Cloud Stocks To Buy Now

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Cloud computing has outperformed the rest of the technology sector in recent years. Bessemer Venture Partner’s BVP Cloud Index has grown by over 900 percent since its inception in 2013. For the same period, the growth-heavy NASDAQ gained three times as much as the S&P 500. Salesforce.com and Twilio are two of the best cloud stocks to buy right now because of their strong fundamentals and attractive valuations, according to analysts and investors.

Here is Insider Monkey’s list of the 13 best cloud stocks to buy now. After going public in 2021, DigitalOcean Holdings, Inc. has seen its share price nearly double. The company’s goal is to improve profit margins while also keeping small clients. It offers lower prices and better customer retention than its rivals. NTAP stock was upgraded to Overweight by JPMorgan and the price target was raised to $110 from $108. NetApp recently declared a quarterly dividend of $0.50 per share, marking the eighth year in a row that the company’s dividend has grown. Intelligence on software in multi-cloud environments is provided by Dynatrace, Inc. Additionally, AI has been integrated into the platform. In Dynatrace, HMI Capital holds 5 million shares worth more than $357 million, making it the company’s largest shareholder. For the next few years, RingCentral, Inc. expects revenue growth of more than 30 percent. After a string of high-profile departures, the stock is now near a 52-week low. During a sell-off, analysts advise investors to buy the stock aggressively. Over the past five years, Cloudflare, Inc. has consistently grown revenue by 50%. There are many major retailers and commercial enterprises that use the Content Delivery Network. Citadel Investment Group has 1.1 million shares worth more than $129 million, making it the largest shareholder. For more details, click the 13 Best Cloud Stocks To Buy Now.

13 Best Cloud Stocks To Buy Now

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