3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond
Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers they sign with, and expand their business with them over time. Also, software has minimal costs for physical production and distribution, allowing these companies to operate with high gross margins.
Three top SaaS stocks that investors should consider today are Shopify (NYSE: SHOP), Procore (NYSE: PCOR), and Twilio (NYSE: TWLO).
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Source Fool.com
