Key insights
- The post discusses the long-term investment potential of SaaS stocks like NOW, ADBE, and CRM, citing their growth rates, high renewal rates, and competitive advantages. It highlights the importance of AI integration and pricing strategies for these companies. The overall sentiment is mildly bullish on these specific SaaS stocks, suggesting a slightly positive influence on the US equity market, particularly within the technology sector.
I was wondering your guys thoughts on the undervalued stocks right now, I would say SAAS stocks like NOW, ADBE, and CRM, all still growing, with NOW growing 20% and 96-97% renewal rate, and almost impossible to companies to switch of off them because it would cost so much, and ADBE showing no signs of disruption but instead seeing firefly help to accelerate growth again, an CRM being the old but gold 10-12% grower with zero signs of disruption, only thing these companies really need to worry about it integrating AI into their business and their seat based pricing, any thoughts on better value stocks or on these SAAS stocks?