In this article, we will discuss 13 High Growth Cloud Stocks to Buy.
Investing in cloud computing stocks offers exposure to one of the most important and fastest-growing pillars of the modern digital economy. Cloud computing has moved beyond being an emerging technology and is now a significant part of the core infrastructure for enterprises worldwide, powering everything from remote work and e-commerce to cybersecurity and artificial intelligence. The global cloud computing market is projected to expand from $752 billion in 2024 to more than $2.3 trillion by 2030, representing a compound annual growth rate exceeding 20%, underscoring the scale and durability of the opportunity.
A key driver of this expansion is the rapid rise of generative AI, which is creating a new demand cycle for cloud capacity. Training and deploying large AI models requires massive computing power, data storage, and advanced networking—resources that are primarily delivered through the cloud. As a result, AI and cloud computing have become deeply interconnected, with AI adoption directly accelerating cloud spending. At the same time, businesses continue to migrate away from on-premises infrastructure to cloud-based platforms to reduce costs, improve scalability, and modernize operations, making cloud adoption a “must-have” rather than a discretionary upgrade.
From an investment perspective, cloud companies also benefit from attractive business models and structural advantages. Many operate on subscription-based or software-as-a-service (SaaS) models that generate recurring, high-margin, and predictable revenue streams. High switching costs create strong competitive moats, as enterprises are often deeply embedded in a single cloud ecosystem, making it costly and complex to move elsewhere. Investors can gain exposure across the cloud value chain, from dominant hyperscalers such as Amazon, Microsoft, and Alphabet, to specialized software providers like Snowflake and Salesforce, as well as infrastructure enablers such as Nvidia and Arista Networks. While valuations and market sentiment can fluctuate, the long-term fundamentals—driven by AI, digital transformation, and recurring revenue—continue to support the cloud sector as a compelling long-term investment theme.
With this context in mind, here is a list of 13 high growth cloud stocks to buy.
Our Methodology
For this article, we used the Finviz stock screener to compile a list of the top cloud stocks. We then selected 13 stocks that had a revenue growth of over 35% in the past five years. The stocks are ranked in ascending order of their revenue growth. We also included the hedge fund sentiment for each stock, which was sourced from Insider Monkey’s database, as of Q3 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
13 High Growth Cloud Stocks To Buy
13. Braze, Inc. (NASDAQ:BRZE)
3-year Revenue Growth: 35.59%
Number of Hedge Fund Holders: 34
On February 3, Piper Sandler lowered its price target on Braze, Inc. (NASDAQ:BRZE) to $30 from $50 while maintaining an Overweight rating following a transfer of coverage. The revision was part of a broader reset across the platforms and applications group, where the firm downgraded multiple names and reduced targets, citing concerns that “seat-compression and vibe coding” narratives could limit valuation expansion across software. Piper emphasized that the move was not tied to near-term fundamentals or a specific view on Braze’s upcoming Q4 results, but rather reflected a more cautious stance on software multiples amid lingering investor pessimism toward the sector.
For Q3 fiscal 2026, the company reported revenue of $191 million, representing 25.5% year-over-year growth and a 6% sequential increase. Customer additions were a notable highlight, with 106 net new customers added during the quarter and 317 added over the past year, marking Braze, Inc. (NASDAQ:BRZE)’s strongest customer growth quarter in three years. These results point to sustained demand for its customer engagement tools despite a more restrained spending environment across enterprise software.
Founded in 2011 and headquartered in New York City, Braze, Inc. (NASDAQ:BRZE) is a cloud-based customer engagement platform that enables brands to manage personalized, multichannel marketing campaigns across mobile, web, email, and messaging channels. While near-term valuation sentiment toward software remains cautious, Braze’s consistent revenue growth and improving customer acquisition trends suggest the company remains well-positioned within the broader customer engagement and data-driven marketing landscape.
12. Datadog, Inc. (NASDAQ:DDOG)
3-year Revenue Growth: 37.67%
Number of Hedge Fund Holders: 72
Datadog, Inc. (NASDAQ:DDOG) is among the high-growth cloud stocks to buy, even as near-term macro pressures weigh on valuation multiples across the sector. On January 30, Rosenblatt lowered its price target on the shares to $185 from $200 while reiterating a Buy rating, citing comparable multiple compression and ongoing macro uncertainty impacting enterprise IT spending. Importantly, the firm continues to expect Datadog to deliver an in-line to incrementally better fourth-quarter performance, underscoring confidence in the company’s underlying fundamentals despite the more cautious market backdrop.
During its Q3 2025 earnings call, Datadog, Inc. (NASDAQ:DDOG) reported record new logo annualized bookings, more than doubling year over year, highlighting sustained demand for its observability platform. The quarter was marked by several large enterprise wins, including multiple seven-figure deals with a leading European telecommunications provider and a Fortune 500 technology hardware company. These deals reflect Datadog’s growing relevance among large, complex organizations that require scalable, real-time visibility across increasingly hybrid and multi-cloud environments.
Datadog, Inc. (NASDAQ:DDOG) continues to benefit from secular tailwinds tied to cloud migration, distributed systems, and the rising complexity of modern application stacks. As enterprises adopt AI workloads and containerized architectures, the need for unified monitoring, security, and analytics platforms becomes more critical. Datadog’s expanding product suite, strong cross-sell capabilities, and land-and-expand motion position it well to capture a larger share of customer spend over time, even if near-term budgets remain constrained.
Founded in 2010 and headquartered in New York City, Datadog, Inc. (NASDAQ:DDOG) provides a SaaS-based observability platform that monitors servers, databases, applications, and cloud services. While macro concerns may continue to influence sentiment in the enterprise software space, Datadog’s accelerating enterprise adoption, record bookings growth, and exposure to long-term cloud and AI trends support the view that the company remains a high-quality growth stock with attractive upside as spending conditions normalize.
11. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
3-year Revenue Growth: 39.65%
Number of Hedge Fund Holders: 66
On January 13, Citi raised its price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $610 from $595 while maintaining a Buy rating on the shares, following adjustments to ratings and targets across the systems software group based on the firm’s survey of chief information security officers. The update reflects continued enterprise focus on cybersecurity priorities amid increasingly complex threat environments.
Separately, the CEO of CrowdStrike Holdings, Inc. (NASDAQ:CRWD), George Kurtz, recently highlighted rising risks associated with expanded AI adoption within corporate systems, warning that unconstrained AI agents could create new security vulnerabilities if not properly governed. In a Yahoo Finance interview, Kurtz emphasized the growing need for more sophisticated tools to manage and control access to sensitive systems by both humans and AI, a concern that aligns with broader enterprise security spending trends.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-native endpoint security, threat intelligence, and cyberattack response services through its Falcon platform. Founded in 2011 and headquartered in Austin, Texas, the company continues to expand its platform toward identity protection and next-generation security capabilities as organizations adapt their defenses to evolving AI-driven risks.
10. Remitly Global, Inc. (NASDAQ:RELY)
3-year Revenue Growth: 40.21%
Number of Hedge Fund Holders: 38
On January 6, Goldman Sachs analyst Will Nance lowered the firm’s price target on Remitly Global, Inc. (NASDAQ:RELY) to $17 from $19 while maintaining a Buy rating on the shares. The update reflects a recalibration of valuation assumptions rather than a change in the firm’s view on the company’s underlying operating performance.
For the third quarter of 2025, Remitly Global, Inc. (NASDAQ:RELY) reported revenue of $419.5 million, representing a 25% year-over-year increase. Adjusted EBITDA margins reached 15%, indicating continued operating leverage as the company scales. During the quarter, Remitly Business expanded into the U.K. and Canada, which contributed to business send volumes nearly doubling on a sequential basis.
Remitly Global, Inc. (NASDAQ:RELY) is a Seattle-based financial technology company founded in 2011 that focuses on digital international money transfers. The platform enables customers to send funds to more than 170 countries through mobile apps and online channels, offering delivery options including bank deposits, cash pickup, and mobile wallets, with an emphasis on speed, transparency, and reliability in cross-border payments.
9. Toast, Inc. (NYSE:TOST)
3-year Revenue Growth: 42.75%
Number of Hedge Fund Holders: 56
On February 2, DA Davidson analyst Peter Heckmann lowered the firm’s price target on Toast, Inc. (NYSE:TOST) to $36 from $42 while maintaining a Neutral rating ahead of the company’s fourth-quarter results. The firm expects Toast to modestly exceed both its own forecasts and broader consensus, though it anticipates that growth and margin expansion will be more measured than the elevated pace seen over the past four to six quarters. Despite this moderation, recurring Gross Payment Volume remains a key area of strength and could provide incremental upside.
Operationally, the company continues to demonstrate solid momentum. In the third quarter of 2025, Toast, Inc. (NYSE:TOST) surpassed $2 billion in annual recurring revenue for the first time, effectively doubling ARR in just two years, which highlights the scalability and resilience of its platform. The rollout of AI-driven products such as Toast IQ and Toast Advertising has seen strong early adoption, with more than 25,000 restaurants using Toast IQ over 235,000 times since early October, reinforcing engagement across its customer base.
Toast, Inc. (NYSE:TOST) is a Boston-based cloud software provider focused on the restaurant industry, offering an integrated point-of-sale and management platform built on Android. Founded in 2011, the company has increasingly positioned itself as a technology partner rather than just a payments provider, and its expanding suite of software, payments, and AI tools supports a long-term growth narrative even as near-term expectations normalize.
8. Samsara Inc. (NYSE:IOT)
3-year Revenue Growth: 42.87%
Number of Hedge Fund Holders: 42
On January 15, BNP Paribas upgraded Samsara Inc. (NYSE:IOT) to Outperform from Neutral while maintaining its $40 price target, citing a more attractive risk/reward profile following what the firm described as a “tough year” for the stock. The upgrade reflects growing confidence that recent share price pressure has better aligned valuation with the company’s long-term fundamentals, setting the stage for improved performance as execution stabilizes.
The company delivered a strong third quarter of fiscal 2026; Samsara Inc. (NYSE:IOT) reported annual recurring revenue of $1.75 billion, representing 29% year-over-year growth, and added a record 219 customers generating more than $100,000 in ARR. Product innovation remains a key driver, with new AI-powered coaching tools and the AI Multicam solution gaining traction by improving safety outcomes and deepening customer engagement across its platform.
Samsara Inc. (NYSE:IOT) is a San Francisco–based Internet of Things company focused on telematics and data-driven insights for physical operations, serving customers across North America and Europe. Founded in 2015, the company continues to benefit from secular demand for digitization, automation, and AI-enabled efficiency in industries such as logistics, construction, and fleet management, supporting a durable long-term growth outlook despite near-term volatility.
7. Snowflake Inc. (NYSE:SNOW)
3-year Revenue Growth: 43.81%
Number of Hedge Fund Holders: 102
On January 30, Bank of America lowered its price target on Snowflake Inc. (NYSE:SNOW) to $275 from $310 while maintaining a Buy rating on the shares. The firm continues to view Snowflake as a top pick within infrastructure software, noting that the adjustment reflects a revised valuation framework rather than a deterioration in fundamentals. BofA cited updated growth assumptions, risk considerations, and broader peer multiple compression as the primary drivers behind the target change, while reiterating confidence in Snowflake’s long-term positioning within the AI-driven data cloud market.
From a corporate governance standpoint, Snowflake disclosed on January 28, 2026, that board member Jeremy Burton resigned from the Board and its committees effective January 30, following the company’s acquisition of Observe, Inc., which closed on February 2, 2026. The company emphasized that Burton’s departure was procedural and not related to any disagreement regarding operations or strategy. Snowflake Inc. (NYSE:SNOW) highlighted that the transaction was approved through a special committee of independent directors and the Audit Committee, signaling a disciplined approach to governance and conflict management as it integrates Observe into its platform.
Snowflake is a cloud-based data platform company founded in 2012, enabling organizations to analyze and share data at scale with low latency across multiple workloads. Headquartered in Bozeman, Montana, the company remains closely tied to enterprise spending on cloud migration, analytics, and artificial intelligence. Despite valuation adjustments in the near term, Snowflake’s role as a core data infrastructure provider positions it to benefit from sustained demand for AI-enabled data solutions over the long run.
6. GitLab Inc. (NASDAQ:GTLB)
3-year Revenue Growth: 44.31%
Number of Hedge Fund Holders: 51
On January 12, Barclays analyst Raimo Lenschow downgraded GitLab to Underweight from Equal Weight and lowered the firm’s price target to $34 from $42 as part of its 2026 software sector outlook. While Barclays sees a broadly favorable backdrop for software in 2026—supported by stable macro conditions, steady IT spending, and compressed valuations—the firm expects GitLab Inc. (NASDAQ:GTLB) to face company-specific headwinds. These include growth deceleration as prior pricing actions are lapped, alongside concerns around management turnover and an increasingly competitive and fast-evolving DevSecOps landscape, which Barclays believes could weigh on the stock’s near-term setup.
Operationally, GitLab Inc. (NASDAQ:GTLB) continued to deliver solid results in the most recent quarter. During its third quarter fiscal year 2026 earnings call, the company reported revenue of $244 million, representing 25% year-over-year growth and exceeding the top end of its guidance by two percentage points. The performance highlights ongoing customer demand for GitLab’s unified DevSecOps platform, even as the company navigates a more normalized growth environment following several years of elevated expansion.
GitLab is an all-remote software company founded in 2011 and headquartered in San Francisco, offering an open-core platform that integrates planning, development, security, and operations into a single application. While Barclays’ downgrade reflects expectations for moderating growth and execution risks, GitLab Inc. (NASDAQ:GTLB)’s ability to consistently outperform guidance suggests the business remains fundamentally resilient.
5. DLocal Limited (NASDAQ:DLO)
3-year Revenue Growth: 45.11%
Number of Hedge Fund Holders: 26
On February 2, JPMorgan lowered its price target on DLocal Limited (NASDAQ:DLO) to $18 from $18.50 while maintaining an Overweight rating on the shares. The firm expects quarterly results to be solid, though tougher year-over-year comparisons could limit upside surprises in payment volumes.
Recent commentary from DLocal Limited (NASDAQ:DLO)’s earnings call underscored strong operational momentum. The company delivered record performance in Total Payment Volume and gross profit, reflecting continued demand for its cross-border payments infrastructure despite macro and regulatory challenges in certain markets such as Argentina, Mexico, and Egypt. Product expansion remains a focus, with the Buy Now, Pay Later Fuse now live in six countries and APMs-on-file supporting 27 local payment methods across 16 countries.
Founded in 2016 and headquartered in Montevideo, Uruguay, DLocal Limited (NASDAQ:DLO) focuses on enabling global merchants to operate seamlessly in emerging markets. While regional volatility remains a consideration, the company’s expanding payment capabilities and geographic reach continue to support its positioning as a key infrastructure provider in cross-border commerce.
4. monday.com Ltd. (NASDAQ:MNDY)
3-year Revenue Growth: 46.66%
Number of Hedge Fund Holders: 55
Piper Sandler lowered its price target on monday.com Ltd. (NASDAQ:MNDY) to $170 from $250 on February 3, while maintaining an Overweight rating, following a transfer of coverage. The adjustment was part of broader target cuts across the platforms and applications group, reflecting concerns around seat compression and valuation ceilings rather than company-specific fundamentals. Piper did not make a directional call on the upcoming Q4 results.
Operationally, monday.com Ltd. (NASDAQ:MNDY) reported solid performance in the third quarter of fiscal 2025, with total revenue reaching $317 million, representing 26% year-over-year growth. Adoption of AI-driven offerings continues to scale, with more than 60,000 apps created using products such as Monday Vibe and Agent Factory since July, highlighting increasing customer engagement with automation and workflow tools.
Founded in 2012 and based in Tel Aviv, monday.com Ltd. (NASDAQ:MNDY) provides a flexible Work Operating System that supports project management, CRM, and workflow automation. Despite valuation-related pressure across the software sector, the company’s consistent revenue growth and expanding AI use cases underscore continued demand for its platform.
3. Klaviyo, Inc. (NYSE:KVYO)
3-year Revenue Growth: 47.75%
Number of Hedge Fund Holders: 48
On February 3, Piper Sandler lowered its price target on Klaviyo, Inc. (NYSE:KVYO) to $30 from $45 while reiterating an Overweight rating, also following a transfer of coverage. Similar to other names in the platforms and apps group, the target reduction reflects broader sector-level concerns around multiples rather than a change in Klaviyo’s underlying business performance. Piper noted ongoing pessimism toward software stocks despite recent share price declines.
Klaviyo, Inc. (NYSE:KVYO) delivered strong results in the third quarter of fiscal 2025, with revenue rising 32% year-over-year to $311 million. Growth was driven by healthy new customer additions and multiproduct adoption among existing clients. The company continues to integrate agentic AI into its platform, with AI-enabled features contributing to higher engagement metrics such as open rates and attributed revenue value for customers.
Founded in 2012 and headquartered in Boston, Klaviyo, Inc. (NYSE:KVYO) offers an AI-driven marketing automation and customer data platform tailored primarily to e-commerce businesses. As brands increasingly prioritize first-party data and personalized outreach, Klaviyo’s expanding feature set positions it to remain a relevant player despite near-term valuation pressure across the software landscape.
2. SentinelOne, Inc. (NYSE:S)
3-year Revenue Growth: 58.89%
Number of Hedge Fund Holders: 42
Goldman Sachs lowered its price target on SentinelOne, Inc. (NYSE:S) to $16.50 from $19 on January 28 while maintaining a Neutral rating, pointing to broader valuation adjustments across the software sector. In its research note, the firm highlighted expectations for accelerating software M&A activity in 2026, driven by compressed public market valuations and the structural strengths of software businesses, including data advantages, embedded customer relationships, and scalable distribution. Goldman noted that this environment could create opportunities for value creation through acquisitions and portfolio synergies, particularly for established SaaS platforms.
Operationally, SentinelOne, Inc. (NYSE:S) continues to post solid growth. During its Q3 FY 2026 earnings call, the company reported revenue of $259 million, up 23% year-over-year, with international revenue growing at a faster 34%, underscoring expanding global adoption. The company also announced the $225 million acquisition of Observo AI, aimed at strengthening its data pipeline capabilities and enhancing its AI-native security operations, a move that aligns with growing enterprise demand for integrated data and security analytics.
Founded in 2013 and headquartered in Mountain View, California, SentinelOne, Inc. (NYSE:S) is an AI-driven cybersecurity company focused on autonomous protection across endpoints, cloud workloads, and identity environments. Its Singularity™ Platform is designed to deliver real-time, automated threat detection and response. While near-term valuation pressure remains a consideration, SentinelOne’s international momentum and strategic investments in AI infrastructure position it to participate meaningfully in both organic growth and potential industry consolidation.
1. Bullish (NYSE:BLSH)
3-year Revenue Growth: 85.27%
Number of Hedge Fund Holders: 32
On January 27, JPMorgan analyst Kenneth Worthington lowered the firm’s price target on Bullish (NYSE:BLSH) to $42 from $45 while maintaining a Neutral rating on the shares. The adjustment followed updates to JPMorgan’s model ahead of earnings, incorporating the company’s December monthly metrics. While the lower target reflects tempered near-term expectations, the maintained rating suggests the firm views Bullish’s current valuation as more balanced relative to its operating trends.
Institutional interest in Bullish remains notable. Cathie Wood’s Ark Invest added approximately $6.0 million worth of Bullish (NYSE:BLSH) shares, signaling confidence in the company’s longer-term positioning within the digital asset ecosystem. Rather than making a directional bet on cryptocurrency prices alone, Ark’s investment highlights Bullish’s role as core infrastructure supporting digital asset trading, which could benefit as market activity stabilizes and participation rebounds.
Founded in 2020 and headquartered in George Town, Cayman Islands, Bullish (NYSE:BLSH) operates a regulated cryptocurrency exchange with licenses across major global jurisdictions, including Germany, Hong Kong, Gibraltar, and New York State. As regulatory clarity and institutional participation continue to shape the crypto landscape, Bullish’s compliance-focused exchange model and global footprint position it as a differentiated player in the evolving digital asset market.
While we acknowledge the potential of BLSH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BLSH and that has 100x upside potential, check out our report about this cheapest AI stock.
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