The coronavirus pandemic during 2020 has changed everything globally. It forced people to stay indoors. Due to coronavirus, several businesses were forced to close while various companies terminated services of their employees as financial activities came to a standstill. People were forced to curtail many expenses as prices of daily use items witnessed an upward trend. Due to the work from home concept, the price of software stocks increased, giving benefit to investors. Financial pundits are of the view that the stock prices of various softwares will increase more during 2021. Big companies are likely to invest more to upgrade their softwares. “Companies have more IT to do and less money to do it, so they are pulling money out of the areas they can afford, such as mobile phone and printer refreshes, which is why there will be less growth in the devices and communications services segments. Instead, CIOs are spending more in areas that will accelerate their digital business, such as IaaS or customer relationship management software,” John-David Lovelock, VP at Gartner said in the report. You will read about Best Software Stocks for 2021 in this article. Insider Monkey gathered the information for the readers in a Yahoo post.
Adobe Inc. is one of the popular companies. It is based in California, USA. The company became famous for its design and multimedia softwares including Adobe Illustrator, Photoshop and Adobe After Effects. The company witnessed an increase in its revenue during the fourth quarter of the current fiscal year. As per available data, the company expects a revenue of $15.15 billion as compared to the Wall Street estimate of $12.81 billion. Salesforce.com is another company. It is also a US-based corporation which is popular for its customer relationship management solutions of small and large enterprises. By using this software, organizations can keep track of their customers, billing, communication, invoicing and leads. According to Evercore ISI, salesforce stock is one of the best picks for 2021 due to increased digitization around the world in the aftermath of the coronavirus pandemic. Salesforce.com acquired Slack, the communications app, for $27.7 billion during 2020. As per some insiders from salesforce.com, the use of digital apps now will not reduce even if the pandemic saga is over. Let us how things move on in the new normal. There is more to read about other companies at 10 Best Software Stocks To Buy Now on Yahoo.
