Cloud Software Stocks Should Prosper, Says BofA. Here Are Its 6 Favorite Picks.

Barrons2021-04-09

Cloud-based software stocks got a vote of confidence Thursday from BofA Securities analyst Bradley Sills, who launched coverage on a slew of companies in the group, laying out a bull case for many of ...

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coookiess
2021-04-09
coookiess
Yes cloud stocks are the way forward
- Ichua:
  I agree

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Here Are Its 6 Favorite Picks.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/cloud-software-stocks-should-prosper-says-bofa-here-are-its-6-favorite-picks-51617899687?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cloud-based software stocks got a vote of confidence Thursday from BofA Securities analyst Bradley Sills, who launched coverage on a slew of companies in the group, laying out a bull case for many of ...</p>\n\n<a href=\"https://www.barrons.com/articles/cloud-software-stocks-should-prosper-says-bofa-here-are-its-6-favorite-picks-51617899687?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRM","symbol_name":"赛富时","start_time":0,"source_url":"https://www.barrons.com/articles/cloud-software-stocks-should-prosper-says-bofa-here-are-its-6-favorite-picks-51617899687?mod=RTA","article_id":"1130696404","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130696404","pubTimestamp":1617972783,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Cloud-based software stocks got a vote of confidence Thursday from BofA Securities analyst Bradley S","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRM":"赛富时","COUP":"Coupa Software Inc","SPLK":"Splunk Inc","WDAY":"Workday","NOW":"ServiceNow","HUBS":"HubSpot"},"translate_title":"美国银行表示，云软件股应该会繁荣起来。以下是它最喜欢的6个选择。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COUP":0.9,"CRM":0.9,"HUBS":0.9,"NOW":0.9,"SPLK":0.9,"WDAY":0.9},"content_text":"Cloud-based software stocks got a vote of confidence Thursday from BofA Securities analyst Bradley Sills, who launched coverage on a slew of companies in the group, laying out a bull case for many of them.\nSills, who had previously been covering small- and mid-cap enterprise software stocks, moves up a notch and adds large-cap names to the mix. His top picks include Coupa Software (COUP), Salesforce.com (CRM), HubSpot (HUBS), Splunk (SPLK), ServiceNow (NOW), and Workday (WDAY).\nIn a lengthy research note, Sills lays out what he calls his “4M framework” for evaluating software companies—market opportunity, moat, margin, and management.\nHe asserts that the value of a software company is based on a combination of the size of the addressable market, the defensibility of the company’s competitive position, the company’s customer economics, and the “strength and vision” of management. He sees the overall software addressable market as $957 billion in 2020, or about 1% of worldwide gross domestic product.\nHere’s his basic view on his top picks:\n\nCoupa, price target $400: Sills writes that the company has “best in class customer economics and early traction in underpenetrated B2B payments.”\nSalesforce, target $275: “A long runway still exists for 17%-plus organic revenue growth, led by front office digital transformation in the enterprise.”\nHubSpot, target $600. Sills sees “sustained 25%-plus long term growth” led by consolidation of the “vast” small and medium business front-office applications market.\nServiceNow, target $650. 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