3 Best Cloud Stocks to Buy in May
Cloud computing stocks are a favorite among many technology investors, in part, because their market potential is massive. The global cloud computing industry will operate in a market estimated to grow to about $1.6 trillion by 2030, up from $524 billion right now, according to a report from Precedence Research.
Of course, not all companies will benefit equally. The tech companies that have established their leads in specific niches are likely to benefit the most in the coming years. That means investors might want to pay close attention to the strong cloud positions that The Trade Desk (NASDAQ: TTD), CrowdStrike Holdings (NASDAQ: CRWD), and Amazon (NASDAQ: AMZN) have established. Here's why these three cloud stocks are worth considering this month.
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Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 158 Buy predictions and 1 Sell predictions.
As a result the target price of 321 € shows a positive potential of 32.92% compared to the current price of 241.5 € for CrowdStrike Holdings Inc.
