The world of technology has seen unprecedented growth in recent years, with software playing a pivotal role in the digital transformation of industries across the globe. As a result, the demand for software products and services has skyrocketed, making software stocks an attractive investment option for those looking to capitalize on the industry’s growth potential.
Here are three “Strong Buy” software stocks from Wall Street –
Datadog, Inc. – SYM: DDOG
Recent Price: $69.35
Price Target: $101.62
Firms with Buy Rating: Morgan Stanley, Goldman Sachs, Bank of America
Description: Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally.
MongoDB, Inc. – SYM: MDB
Recent Price: $236.87
Price Target: $256.26
Firms with Buy Rating: Morgan Stanley, Needham, Piper Sandler
Description: MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
PROS Holdings, Inc. – SYM: PROS
Recent Price: $28.28
Price Target: $35.33
Firms with Buy Rating: Oppenheimer, Needham, Robert W. Baird
Description: PROS Holdings, Inc. provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management that enables businesses to optimize, personalize, and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions. It also provides PROS Airline Revenue Optimization; PROS Airline Revenue Management solution that delivers algorithmic forecasting and network optimization for the travel industry; PROS Airline Real-Time Dynamic Pricing that offers accurate booking class availability and seat prices; PROS Airline Group Sales Optimizer, which enables airlines and their travel agent partners to create and manage group bookings, contracts, policies, and payments; and PROS Corporate Sales, a solution that enables airlines to create commercial agreements with their corporate customers. In addition, the company offers PROS Digital Retail, a configurable end-to-end solution for airlines to optimize the traveler experience from inspiration to post-trip; and PROS digital offer marketing solutions provide performance content management and search engine marketing tools that enable businesses in the travel industry. Further, it provides software-related services, such as implementation, configuration, consulting, training, maintenance, and support services. The company sells its software solutions to customers in various industries, including automotive and industrial manufacturing, transportation and logistics, chemicals and energy, food and beverage, healthcare, high tech, and travel. It markets and sells its software solutions through its sales force, as well as through partners, resellers, and systems integrators. The company was incorporated in 1985 and is headquartered in Houston, Texas.