And Workday could be an acquisition target down the line, even at a current market cap of $39 billion.Again, WDAY looks like a falling knife and that’s always dangerous from a trading standpoint. PAYC has pulled back some 21%. Rangan projects total annual recurring revenue will reach $2 billion in 2020 and $3 billion by fiscal 2023. Bank of America estimates Adobe’s 2022 total addressable market is now $128 billion, including $31 billion for Creative Cloud, $13 billion for Document Cloud and $84 billion for Digital Experience.Bank of America has a Buy rating and $350 price target for ADBE stock.Twilio helps developers integrate communication capabilities into software applications.Bank of America has a Buy rating and $138 price target for TWLO stock.Splunk is a cloud platform for collecting, analyzing and storing machine-generated data. He now calls for 43% annual Azure revenue growth through fiscal 2023.Bank of America has a Buy rating and $162 price target for MSFT stock.Alphabet’s Google Cloud is a distant third in the cloud market share race behind AWS and Azure, but it's certainly putting up some impressive growth numbers.In the most recent quarter, Post estimates Google’s Infrastructure and Platform Cloud revenue (ex-G Suite) was up 71%, outpacing both Amazon and Microsoft.
It’s provided everything investors want from growth stocks — including enormous upside.That hasn’t been enough to insulate the stock from selling pressure in recent weeks, however.
Demand for its services isn’t going to wane. It touched a 52-week high of $2,035.80 in July this year but is currently trading around $1,707 with a market cap of $877 million.Its stock is trading at $121 with a market cap of $29.6 billion, up 78% from its 52-week low of $75.75 nearly a year ago. Its market cap is $144 billion.Its winning strategy is reflected in its stock performance.
The BVP Nasdaq Emerging Cloud Index, which tracks mostly younger, “pure-play” cloud names, as of last month Those returns have come down of late, however.
Bank of America projects sustainable 20%-plus subscription and billings growth over at least the next five years. But a 60 times forward price-to-earnings multiple, against a nearly 30% EPS growth …
In the long-term, Post estimates Azure gross margins could settle in the mid-40% range. The operating model depresses near-term profits as new customers are acquired, but it results in predictable, “sticky,” high-margin revenue for years to come.These 10 cloud growth stocks all are components of the Emerging Cloud Index. He says Salesforce should be a core cloud holding, and Bank of America has it included in its US1 list of top America stocks. Both ADBE and CRM qualify.In looking at the 49 components of the BVP Nasdaq Emerging Cloud Index, one name jumps out: online education software provider Of course, the reason for TWOU’s low revenue multiple is a disastrous second-quarter report at the end of July. All 8 stocks are included in the portfolio computations. One of the highest-growth secular tech trends of the 2020s will be cloud computing. Tags » Cloud Computing.
And all 10 look at least more attractive after the sector-wide weakness. It is a secular trend with massive macro momentum.
He now calls for 43% annual Azure revenue growth through fiscal 2023.Bank of America has a Buy rating and $162 price target for MSFT stock.Alphabet’s Google Cloud is a distant third in the cloud market share race behind AWS and Azure, but it's certainly putting up some impressive growth numbers.In the most recent quarter, Post estimates Google’s Infrastructure and Platform Cloud revenue (ex-G Suite) was up 71%, outpacing both Amazon and Microsoft.
Contributor.
The company still receives an 12x multiple to 2019 sales even after the decline, but valuation at the least is more reasonable.If that valuation continues to come in, WDAY looks like a strong play.
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