My Favorite Software-as-a-Service Stocks for 2022
Long gone are the days where businesses purchased software and maybe upgraded in one, two, or even three years. Now, most software comes in the form of monthly or annual subscriptions. While some people may gripe about the constant billing, it allows them to use the most updated software version at all times.
The software-as-a-service (SaaS) business model was born out of this thinking, and the businesses utilizing it often make great investments. This is because of a dependable revenue stream, allowing the software publisher's expenses to be optimized. Here's why three of my favorite SaaS stocks for 2022 are Shopify (NYSE: SHOP), Veeva Systems (NYSE: VEEV), and Procore (NYSE: PCOR).
Image source: Getty Images.
Source Fool.com
