The software market has long been the foundation of the modern-day digital economy, but investors are now paying closer attention than ever. As enterprises adopt cloud computing and enable cybersecurity, data analytics, and AI-powered applications, software infrastructure companies have begun to sit at the center of one of today’s strongest tech trends.
For this article, we began by filtering for stocks in the Software Infrastructure industry with market capitalizations exceeding $2 billion. Next, we shortlisted stocks with at least 20% upside potential, and based on the number of hedge funds holding positions in these stocks. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
Here are the best software infrastructure stocks to buy now.
This post originally appeared at Insider Monkey.