3 Top Cloud Computing Stocks to Buy Now
Cloud computing is big business. Public cloud spending is expected to grow 18% year over year to an estimated $260 billion in 2017, according to market research company Gartner. That growth is expected to skyrocket to $411 billion by 2020.
Gartner states that the growth in cloud computing will be driven by "the migration of infrastructure to the cloud and increased demand from increasingly compute-intensive workloads (such as artificial intelligence [AI], analytics and Internet of Things [IoT])."
The market size of this opportunity is attracting the biggest names in technology. Investors looking to profit from this growing trend should consider Amazon.com (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), the clear leaders in the cloud computing revolution.
Source: Fool.com
Amazon.com Inc. Stock
Our community is currently high on Amazon.com Inc. with 208 Buy predictions and 7 Sell predictions.
As a result the target price of 258 € shows a slightly positive potential of 8.38% compared to the current price of 238.05 € for Amazon.com Inc..
