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3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond
Nov 27, 2021 | The Motley Fool
Picture - 3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond

Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers they sign with, and expand their business with them over time. Also, software has minimal costs for physical production and distribution, allowing these companies to operate with high gross margins.

Three top SaaS stocks that investors should consider today are Shopify (NYSE:SHOP), Procore (NYSE:PCOR), and Twilio (NYSE:TWLO).

This Canadian e-commerce giant provides businesses with an online presence. With options well-priced for businesses of any size, Shopify provides even the humblest start-ups with an affordable way to reach customers across the internet. It also provides marketing and payment processing tools.

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