2 Best Software Stocks to Buy in 2023 and Beyond
The software sector is full of stocks that can generate fantastic returns. Profitability in this niche is much higher than in other industries, and the shift toward a subscription-based selling model makes sales trends for these companies more predictable as well.
With those attractive factors in mind, let's look at two standout stocks that dominate their respective software markets. Read on for some good reasons to buy Microsoft (NASDAQ: MSFT) and Adobe (NASDAQ: ADBE) right now.
It's not hard to see why Microsoft's stock is beating the market so far in 2023. Sure, in late January, the software giant announced slowing sales growth. Revenue ticked up by just 2% through late 2022. But the company still logged $53 billion of revenue in that fiscal second-quarter period.
Source Fool.com
