Companies are incorporating cloud technology fast…
And the adoption of the cloud as a venue, which enables anyone with an internet connection to access IT resources on demand, for more workloads is increasing.
That means more and more users need to adapt to cloud-centric architecture to replace legacy software technology with newer offerings, both at the endpoint and as part of the architecture of pure connections.
So in today’s video, I thought I’d talk about four software stocks setting up for big wins in 2021 and beyond…
The first software stock setting up for big wins in 2021 I want to talk about is DDOG.
Datadog Inc. (Nasdaq: DDOG) is a monitoring service for cloud applications that provides monitoring of servers, databases and tools through SaaS-based (software as a service) data analytics platform.
Boy, that’s a mouthful right there.
Not only does DDOG have one of the easiest applications to deploy in the space, but it has also extended its user count 54% in the past 12 months.
The one-year return for the stock is close to 120%. And in the third quarter of 2020, revenue grew by 61%.
If you take a look at its chart (which I’ll show you in today’s video), the stock continues trading higher, bouncing off its 50-day moving average.
And I’m expecting even more upside…
If you look at the long-term price of DDOG, there’s resistance at the 118 level. That means if you’re a conservative investor it’s probably best to wait for the stock to reach that price to ensure it’ll continue generating strong momentum moving forward.
If you’re ready to purchase DDOG right now, you’re likely buying it at a discount… I believe the stock could double over the next 12 months.
But that’s not the only software stock setting up for big wins in 2021…
Check out my short video to learn more about DDOG and reveal the next three software stocks setting up for big wins in 2021 on my list.
Don’t forget to subscribe to my new YouTube channel if you haven’t already and give this video a thumbs up if you found it helpful.
P.S. Have you ever seen what happens when millions absolutely pour into random stocks?
For example, billionaire George Soros bought 2.7 million shares of Peloton and its share price shot from $18 to almost $140! That’s a 690% jump from ONE man pouring some of his wealth into a random stock.
You see, stock market expert Adam Sarhan seems to have found a way to tell when billionaire moguls could buy into seemingly random stocks.