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My Best SaaS Stock for 2021

TheMotleyFool

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Many cloud-based SaaS (software as a service) stocks have surged over the past few years as companies have pivoted from locally-installed software to subscription-based services. That's because SaaS solutions are generally easier to scale, more cost effective, and more secure than local software.

There are plenty of SaaS companies to choose from, but I believe one stands out from the pack: Veeva Systems (NYSE: VEEV). Here's why I believe this stock is headed much higher over the next few years.

Image source: Getty Images.

Source Fool.com

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