3 No-Brainer Stocks to Buy in Cloud Computing
The global cloud services market is expected to grow from 18% annually to $246.8 billion this year, according to Gartner's latest estimates. Wikibon expects enterprise cloud spending to grow at a compound annual growth run rate of 16% between 2016 and 2026.
Those figures make the cloud computing market a lucrative one for tech investors, but it's tough to narrow down the best buys in the industry. Today, I'll focus on three "no brainer" stocks in that market, which will benefit from the growth of the cloud computing market over the next few years.
Source: Getty Images.
Source: Fool.com
Microsoft Corp. Stock
€386.55
-0.360%
The stock is one of the favorites of our community with 100 Buy predictions and 2 Sell predictions.
With a target price of 410 € there is a slightly positive potential of 6.07% for Microsoft Corp. compared to the current price of 386.55 €.
