In this article, we discuss the 10 best stocks to buy according to Motley Fool.
Motley Fool Asset Management is a Wisconsin-based hedge fund with a $1.5 billion Q4 2021 portfolio and discretionary assets under management of $1.6 billion. The fund primarily invests in the information technology, industrials, healthcare, finance, consumer discretionary, and communications sectors.
Motley Fool is led by its chief investment officer and senior portfolio manager, Bryan Hinmon. He graduated from Stetson University with a bachelor’s in finance. He is also a CFA charterholder and a member of The Boston Security Analysts Society. He joined Motley Fool in 2010, and has worked in multiple departments of the corporation, including Motley Fool Pro and Motley Fool Options. His investment career dates back to 13 years.
According to securities filings for Q4 2021, Motley Fool purchased 184 new stocks, made additional purchases in 67 securities, slashed stakes in 79 stocks, and sold out of 5 names. The hedge fund has a top ten holdings concentration of 34.59%. The top buys in the fourth quarter were Johnson & Johnson (NYSE:JNJ), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL), whereas, the fund reduced its positions in Everbridge, Inc. (NASDAQ:EVBG), Cardlytics, Inc. (NASDAQ:CDLX), and Atlassian Corporation Plc (NASDAQ:TEAM).
Some of the most notable stocks in Motley Fool’s Q4 portfolio include Microsoft Corporation (NASDAQ:MSFT), Tesla, Inc. (NASDAQ:TSLA), and Meta Platforms, Inc. (NASDAQ:FB), among others discussed in detail below.
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Our Methodology
We used the Q4 2021 portfolio of Motley Fool Asset Management for this analysis, selecting the top 10 holdings of the hedge fund.
Best Stocks to Buy According to Motley Fool
10. SBA Communications Corporation (NASDAQ:SBAC)
Motley Fool’s Stake Value: $31,232,000
Percentage of Motley Fool’s 13F Portfolio: 1.99%
Number of Hedge Fund Holders: 43
SBA Communications Corporation (NASDAQ:SBAC) is a Florida-based provider of wireless communications infrastructure in the United States, Canada, Central America, South America, and South Africa. The company primarily leases out antenna space on its communication sites to multiple wireless service providers under long-term contracts.
On April 25, SBA Communications Corporation (NASDAQ:SBAC) reported a Q1 2022 GAAP EPS of $1.72, beating estimates by $0.71. The FFO per share also beat market estimates by $0.04 at $1.06. The company’s revenue grew almost 13% year-over-year to $619.77 million, topping analysts’ predictions by $15.86 million.
SBA Communications Corporation (NASDAQ:SBAC) on April 25 declared a C$0.71 per share quarterly dividend, in line with previous. The dividend is distributable on June 14, to shareholders of the company as of May 19.
Cowen analyst Colby Synesael raised the firm’s price target on SBA Communications Corporation (NASDAQ:SBAC) to $382 from $373 and maintained an Outperform rating on the shares on April 26. The analyst continues to see upside in the U.S. leasing revenue guidance in the second half of 2022, which is positioned to further improve in 2023. He observed that combined with robust international demand, SBA Communications Corporation (NASDAQ:SBAC) is well adjusted in a risk-off environment while higher rates are offset by a tightening spread, rightfully reflecting a bullish backdrop.
In the fourth quarter of 2021, Motley Fool’s portfolio held 80,284 SBA Communications Corporation (NASDAQ:SBAC) shares, worth $31.2 million, representing 1.99% of the total 13F securities. The hedge fund has owned a position in the company since Q1 2017.
According to Insider Monkey’s Q4 data, 43 hedge funds were bullish on SBA Communications Corporation (NASDAQ:SBAC), up from 36 funds in the prior quarter. Charles Akre’s Akre Capital Management is the leading shareholder of the company, with 1.5 million shares worth $601.8 million.
In addition to Microsoft Corporation (NASDAQ:MSFT), Tesla, Inc. (NASDAQ:TSLA), and Meta Platforms, Inc. (NASDAQ:FB), SBA Communications Corporation (NASDAQ:SBAC) is a notable contender in Motley Fool’s Q4 portfolio.
Here is what Carillon Tower Advisers has to say about SBA Communications Corporation (NASDAQ:SBAC) in their Q4 2020 investor letter:
“SBA Communications operates as a real estate investment trust (REIT) with a focus on wireless communications infrastructure. The firm reported favorable quarterly results with revenues ahead of expectations, and subsequently raised its guidance for the next year as well. Unfortunately, the company’s steady growth has been slightly overshadowed by other REITs that have shown faster growth prospects as the rollout and distribution of vaccines leads to a recovery in the economy.”
9. Jones Lang LaSalle Incorporated (NYSE:JLL)
Motley Fool’s Stake Value: $34,528,000
Percentage of Motley Fool’s 13F Portfolio: 2.20%
Number of Hedge Fund Holders: 37
Jones Lang LaSalle Incorporated (NYSE:JLL) was incorporated in 1997 and is headquartered in Chicago, Illinois. The company offers real estate and investment management services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Securities filings for Q4 2021 reveal that Motley Fool held 128,193 shares of Jones Lang LaSalle Incorporated (NYSE:JLL), worth $34.5 million, representing 2.20% of the total 13F holdings. The hedge fund trimmed its stake in the company by 2% in the fourth quarter of 2021, and has held an interest in Jones Lang LaSalle Incorporated (NYSE:JLL) since Q4 2016.
Jones Lang LaSalle Incorporated (NYSE:JLL) posted on February 28 Q4 2021 financial results that exceeded market estimates. The company announced earnings per share of $8.66, surpassing analysts’ predictions by $1.85. Revenue for the period increased 31.17% year-over-year to $3.60 billion, outperforming consensus estimates by $159.25 million.
On April 5, Goldman Sachs analyst Chandni Luthra initiated coverage of Jones Lang LaSalle Incorporated (NYSE:JLL) with a Sell rating and a $217 price target. The analyst likes the company’s “favorable” market positioning and low leverage, but sees its earnings growth lagging the peer average in 2022. The analyst is also concerned about Jones Lang LaSalle Incorporated (NYSE:JLL)’s exposure to the Russia/Ukraine war and the pandemic-ridden Asian markets.
According to Insider Monkey’s Q4 data, 37 hedge funds were long Jones Lang LaSalle Incorporated (NYSE:JLL), with combined stakes of $2.4 billion, compared to 30 funds in the earlier quarter, holding stakes in the company valued at $2.10 billion. David Blood and Al Gore’s Generation Investment Management is the leading shareholder of Jones Lang LaSalle Incorporated (NYSE:JLL), with a position worth $1.27 billion.
Here is what Ariel Fund & Ariel Appreciation Fund has to say about Jones Lang LaSalle Incorporated (NYSE:JLL) in its Q3 2021 investor letter:
“In addition, real estate expert Jones Lang LaSalle (JLL) was another strong performer over the trailing one-year period. Despite pandemic related headwinds for commercial real estate transaction activity, the company continued to prudently manage expenditures to preserve cash. JLL’s diverse business model and annuity-like nontransaction revenue mix, such as corporate outsourcing, helped offset weakness in the cyclical leasing and capital market businesses until vaccination rates rose. Then, this summer, JLL reported a broad recovery across the firm’s transaction-based businesses. Strong capital market and leasing activity drove management to meaningfully raise the company’s EBITDA margin outlook. Meanwhile, JLL continues to return excess capital through share repurchases. At current levels, we remain optimistic about JLL’s value proposition for key stakeholders.”
8. Atlassian Corporation Plc (NASDAQ:TEAM)
Motley Fool’s Stake Value: $35,841,000
Percentage of Motley Fool’s 13F Portfolio: 2.29%
Number of Hedge Fund Holders: 69
Atlassian Corporation Plc (NASDAQ:TEAM) is an Australian software company that develops products for programmers and project managers, including Jira, Confluence, Bitbucket, Bamboo, Fisheye, Crucible, Trello, and Atlassian Marketplace, among others. In the fourth quarter of 2021, Motley Fool reported owning 94,000 Atlassian Corporation Plc (NASDAQ:TEAM) shares, worth $35.8 million, representing 2.29% of the 13F portfolio.
Cowen analyst J. Derrick Wood on April 8 maintained a Market Perform rating on Atlassian Corporation Plc (NASDAQ:TEAM) with a $330 price target. The analyst sees Atlassian Corporation Plc (NASDAQ:TEAM)’s analyst day as “relatively in line with expectations” and noted that the company’s 50% Cloud growth guidance for FY23 and FY24 was “solid” but “mostly expected”. The new $10 billion revenue projection was “encouraging”, but no timeline was mentioned and it comes at a “material cost” to margins in FY23, the analyst told investors.
According to Insider Monkey’s fourth quarter database, 69 hedge funds were bullish on Atlassian Corporation Plc (NASDAQ:TEAM), up from 60 funds in the preceding quarter. The total stakes held in Q4 2021 amounted to $5.78 billion. Jim Simons’ Renaissance Technologies is the biggest position holder in the company, with 2.90 million shares worth $1.10 billion.
Here is what ClearBridge Investments International Growth ADR Strategy has to say about Atlassian Corporation Plc (NASDAQ:TEAM) in its Q1 2022 investor letter:
“The structural bucket has the shortest investment horizon across the spectrum of growth companies we target in the Strategy. We closely monitor the macro impacts and turnaround progress of these companies and will be disciplined sellers when the thesis for a holding plays out. We also trimmed back workflow software maker Atlassian (NASDAQ:TEAM) after a strong runup in its shares in 2021. Most of our reductions in emerging growth have involved IT or related companies where innovation is a key to their business model. That said, we remain positive on the IT sector and have largely maintained holdings in our highest-conviction ideas.”
7. Mastercard Incorporated (NYSE:MA)
Motley Fool’s Stake Value: $40,047,000
Percentage of Motley Fool’s 13F Portfolio: 2.56%
Number of Hedge Fund Holders: 144
Mastercard Incorporated (NYSE:MA) is an American multinational financial technology firm that offers card-based payment systems in the United States and internationally. Motley Fool, as of Q4 2021, owns 111,451 shares of Mastercard Incorporated (NYSE:MA), worth over $40 million, representing 2.56% of the total 13F securities. The hedge fund boosted its stake in the company by 2% in the December quarter.
On February 8, Mastercard Incorporated (NYSE:MA) declared a quarterly dividend of $0.49 per share. The dividend will be distributed on May 9, to shareholders of record on April 8.
Citi analyst Ashwin Shirvaikar on April 26 reiterated a Buy recommendation on Mastercard Incorporated (NYSE:MA) but lowered the firm’s price target on the stock to $435 from $445. The analyst updated his model to account for the incremental sector data points, the impact of the Russia/Ukraine war, and revised currency moves.
According to Insider Monkey’s database of elite funds, 144 hedge funds reported owning stakes in Mastercard Incorporated (NYSE:MA) at the end of December 2021, worth $17.2 billion, compared to 146 funds in the prior quarter, holding stakes in the company valued at $17.6 billion. Stephen Mandel’s Lone Pine Capital is a significant shareholder of the company, with 4.8 million shares worth $1.73 billion.
Here is what Ensemble Capital has to say about Mastercard Incorporated (NYSE:MA) in its Q1 2022 investor letter:
“Mastercard (7.6% weight in the Fund): This company literally earns a percent based fee on dollars spent. When inflation increases the prices of goods across the economy, Mastercard’s revenue increases along with inflation. Thus, the company in some respects is perfectly hedged against inflation with their revenue accelerating automatically when inflation surges.”
6. Axon Enterprise, Inc. (NASDAQ:AXON)
Motley Fool’s Stake Value: $45,119,000
Percentage of Motley Fool’s 13F Portfolio: 2.88%
Number of Hedge Fund Holders: 35
Axon Enterprise, Inc. (NASDAQ:AXON) was incorporated in 1993 and is headquartered in Scottsdale, Arizona. The company offers hardware and cloud-based software products and solutions to law enforcement agencies, allowing them to capture and analyze digital evidence.
13F securities filings for Q4 2021 reveal that Motley Fool owned 287,380 shares of Axon Enterprise, Inc. (NASDAQ:AXON), worth $45.1 million, accounting for 2.88% of the total portfolio. The stock has featured on Motley Fool’s portfolio since the fourth quarter of 2018.
Northland analyst Michael Latimore reiterated an Outperform rating on Axon Enterprise, Inc. (NASDAQ:AXON) but lowered the firm’s price target on the shares to $180 from $220. The analyst maintained his rating on the stock as Axon Enterprise, Inc. (NASDAQ:AXON) exceeded expectations “again” in Q4 to finish off “a strong year”. However, he cited industry multiple compression for the slashed price target. He also raised his FY22 revenue and EBITDA estimates for the company.
Among the hedge funds tracked by Insider Monkey, 35 hedge funds placed long calls on Axon Enterprise, Inc. (NASDAQ:AXON) at the end of December 2021, compared to 32 funds in the preceding quarter. The total stakes held in the fourth quarter of 2021 amounted to approximately $484 million. Neal C. Bradsher’s Broadwood Capital is the biggest position holder in the company, with 760,062 shares worth $119.3 million.
Like Microsoft Corporation (NASDAQ:MSFT), Tesla, Inc. (NASDAQ:TSLA), and Meta Platforms, Inc. (NASDAQ:FB), Axon Enterprise, Inc. (NASDAQ:AXON) is on the radar of elite investors.
Here is what Conestoga Capital Advisors has to say about Axon Enterprise, Inc. (NASDAQ:AXON) in their Q4 2020 investor letter:
“AAXN reported third quarter results that were materially ahead of expectations as the company benefited from continued adoption of body cameras and software tools within police agencies, a surge in Federal bookings, which is a new focus for the company, and continued momentum within the international market. AAXN also introduced 2021 guidance that was ahead of sell-side estimates.”
5. Watsco, Inc. (NYSE:WSO)
Motley Fool’s Stake Value: $56,680,000
Percentage of Motley Fool’s 13F Portfolio: 3.62%
Number of Hedge Fund Holders: 31
Watsco, Inc. (NYSE:WSO) is a Florida-based company that provides air conditioning, heating, refrigeration, and plumbing equipment. Securities filings for Q4 2021 disclosed that Motley Fool owned 181,156 Watsco, Inc. (NYSE:WSO) shares, worth $56.6 million, representing 3.62% of the total 13F securities.
Watsco, Inc. (NYSE:WSO) posted its Q1 2022 financial results on April 21, reporting earnings per share of $2.90, outperforming market estimates by $1.10. Revenue for the quarter grew 34.10% year-over-year to $1.52 billion, topping analysts’ predictions by $135.17 million.
On April 22, Baird analyst David Manthey raised the firm’s price target on Watsco, Inc. (NYSE:WSO) to $350 from $300 and maintained a Neutral rating on the shares. The analyst said sustainability of gross margin remains a primary question, and although he expects some normalization as compared to highly elevated Q1 levels, he sees a fraction of the improvement as sustainable. The analyst views Watsco, Inc. (NYSE:WSO)’s strengthened OEM partnerships, technology advancements, improved sales, and the company’s internal parts initiative continuing in the foreseeable future.
In Q4 2021, 31 hedge funds in the database of Insider Monkey reported owning stakes worth $445.5 million in Watsco, Inc. (NYSE:WSO), compared to 30 funds in the earlier quarter, holding stakes in the company valued at $414.8 million. Tom Gayner’s Markel Gayner Asset Management is the largest shareholder of Watsco, Inc. (NYSE:WSO), with 418,750 shares worth $131 million.
4. Microsoft Corporation (NASDAQ:MSFT)
Motley Fool’s Stake Value: $65,220,000
Percentage of Motley Fool’s 13F Portfolio: 4.17%
Number of Hedge Fund Holders: 262
Microsoft Corporation (NASDAQ:MSFT) is one of the Big Five United States technology giants. The company is involved in software development, computer hardware, consumer electronics, cloud computing, video games, and corporate venture capital.
13F filings for the fourth quarter of 2021 reveal that Motley Fool owns 193,922 shares of Microsoft Corporation (NASDAQ:MSFT), worth $65.2 million, representing 4.17% of the total securities.
Microsoft Corporation (NASDAQ:MSFT) posted Q1 2022 earnings on April 26. The company’s earnings per share of $2.22 topped consensus estimates by $0.02. The revenue of $49.36 billion grew 20.09% year-over-year, ahead of analysts’ predictions by $311.18 million.
On April 26, BMO Capital analyst Keith Bachman reiterated an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) but lowered the firm’s price target on the stock to $340 from $355 to account for general compression of software valuations. Even with the possible impact of a weak PC market on Windows, Office, and Surface growth, he believes that his FY23 MPC estimates are reasonable, the analyst told investors in a research note.
According to Insider Monkey’s data, 262 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT) at the end of December 2021, compared to 250 funds in the earlier quarter. Ken Fisher’s Fisher Asset Management is the leading shareholder of the company, with 26.8 million shares worth over $9 billion.
Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:
“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter, following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue growing 20% in constant currency, beating Street estimates by 3%; an acceleration in Commercial Cloud revenue to 34% constant-currency growth; operating margins expanding to just under 45%; earnings growth of 23%; and free cash flow growth of 30%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by total addressable market expansion and continued market share gains across its disruptive cloud product portfolio.”
3. Apple Inc. (NASDAQ:AAPL)
Motley Fool’s Stake Value: $75,164,000
Percentage of Motley Fool’s 13F Portfolio: 4.80%
Number of Hedge Fund Holders: 134
Apple Inc. (NASDAQ:AAPL) is an American multinational technology corporation that specializes in consumer electronics, software, and online services. Motley Fool held 423,290 Apple Inc. (NASDAQ:AAPL) shares in the fourth quarter of 2021, worth $75.1 million, representing 4.80% of the total 13F portfolio. The hedge fund increased its stake in Apple Inc. (NASDAQ:AAPL) by 3% in Q4 2021.
Baird analyst William Power forecasts a strong Q2 earnings report for Apple Inc. (NASDAQ:AAPL). The analyst continues to like the long-term growth opportunity and robust cash flow, but with the stock at a historically high valuation compared to the S&P 500 and possible risks in Europe and China, he would be more aggressive on any weakness in the shares. He maintained an Outperform rating and a $190 price target on Apple Inc. (NASDAQ:AAPL) on April 25.
According to Insider Monkey’s Q4 data, Apple Inc. (NASDAQ:AAPL) was found in the public stock portfolios of 134 hedge funds, compared to 120 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway held the largest stake in Apple Inc. (NASDAQ:AAPL), with a position worth $157.5 billion.
Here is what ClearBridge Investments Global Growth Strategy has to say about Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter:
“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”
2. Alphabet Inc. (NASDAQ:GOOG)
Motley Fool’s Stake Value: $75,586,000
Percentage of Motley Fool’s 13F Portfolio: 4.83%
Number of Hedge Fund Holders: 158
Alphabet Inc. (NASDAQ:GOOG) is a California-based multinational tech firm that operates as the parent company for Google and its subsidiaries. Motley Fool, as of Q4 2021, owned 26,122 shares of Alphabet Inc. (NASDAQ:GOOG), worth $75.5 million, representing 4.83% of the total 13F holdings.
On April 26, Alphabet Inc. (NASDAQ:GOOG) reported its Q1 2022 financial results, posting earnings per share of $24.62, falling short of analysts’ predictions by $0.92. The first quarter revenue grew close to 23% year-over-year to $68.01 billion, ahead of market consensus by 142.21 million. The company also authorized a share repurchase program of $70 billion of its Class A and Class C shares.
Credit Suisse analyst Stephen Ju on April 21 reiterated an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) but lowered the firm’s price target on the stock to $3,450 from $3,500. The analyst continues to collect advertiser feedback suggesting increased spend allocation across Google properties amid lingering IDFA headwinds, and his FXN growth estimates remain unchanged.
Among the hedge funds tracked by Insider Monkey, 158 funds were bullish on Alphabet Inc. (NASDAQ:GOOG) at the end of the fourth quarter of 2021, collectively holding stakes worth $36.6 billion. Chris Hohn’s TCI Fund Management is the leading position holder in the company, with 2.95 million shares valued at $8.5 billion.
Here is what Ensemble Capital has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q1 2022 investor letter:
“Google (6.6% weight in the Fund): Google is one of the most extraordinary businesses of the digital age. Its mission is “to organize the world’s information and make it universally accessible and useful.” This is such a broad organizing principle for a company whose value is built on doing just that. When you think about the mass adoption of the Internet, smartphones, social and digital media, and e-commerce among billions of users every day, and the exponential growth of data that has brought, we all know how valuable Google’s role in collecting, organizing, and filtering all that information has become in our daily lives.
NVidia’s CEO Jensen Huang put the challenge really well in an interview with Tech Analyst Ben Thompson recently:
“We know that there are a trillion things on the Internet and the number of things on the Internet is large and expanding incredibly fast, and yet we have this little, tiny personal computer called a phone… How do we possibly figure out of the trillion things on the internet that we want to see on our little tiny phone?
Well, there needs to be a filter in between… basically an AI, a recommender system. A recommender that figures out based on the nature of the content, the characteristics of the content, the features of the content, based on your implicit and your explicit [preferences], find a way through all of that to predict what you would like to see.
I mean, that’s a miracle! That’s really quite a miracle to be able to do that at scale for everything from movies and books and music and news and videos and you name it.”
While Huang was talking about the role of artificial intelligence more generally amidst the data explosion, it’s hard not to think of Google as most fitting the role of the Internet’s leading “recommender system,” with its de facto role as the gateway to the Internet. In fact, it’s no coincidence that Google is a leader in AI technology, which it applies across most of its services…” (Click here to see the full text)
1. Amazon.com, Inc. (NASDAQ:AMZN)
Motley Fool’s Stake Value: $81,611,000
Percentage of Motley Fool’s 13F Portfolio: 5.21%
Number of Hedge Fund Holders: 279
Amazon.com, Inc. (NASDAQ:AMZN) is a leading force in the e-commerce, cloud computing, artificial intelligence, and digital streaming spaces. It is one of the Big Five US tech companies. As of Q4 2021, Motley Fool held 24,476 shares of Amazon.com, Inc. (NASDAQ:AMZN), worth $81.6 million, representing 5.21% of the total 13F holdings. The hedge fund elevated its stake in the company by 2% in Q4.
On April 22, Credit Suisse analyst Stephen Ju maintained an Outperform rating and a $4,100 price target on Amazon.com, Inc. (NASDAQ:AMZN) ahead of the company’s Q1 earnings. The analyst said Amazon.com, Inc. (NASDAQ:AMZN) remains a top pick as it is “the only company that has the potential to deliver accelerating revenue AND free cash flow growth”. His bullish thesis is based on operating margin expansion in the e-commerce segment, optionality for quicker than expected free cash flow growth through its advertising segment, and the higher AWS revenue forecasts.
Among the hedge funds tracked by Insider Monkey, 279 funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN) at the end of December 2021, up from 242 funds in the preceding quarter. Boykin Curry’s Eagle Capital Management is a significant shareholder of the company, with 677,828 shares worth $2.26 billion.
Here is what Oakmark Fund has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2022 investor letter:
“Amazon is the leading e-commerce and cloud-computing provider in the world. In e-commerce, two-thirds of U.S. households are Amazon Prime subscribers, and over half of all online product searches now start on Amazon. We believe the company’s strong customer loyalty and massive infrastructure are significant barriers to entry in a growing e-commerce market. Separately, Amazon Web Services (AWS) controls nearly half of the market in cloud computing. We believe AWS has become utility-like in nature and scale, and we expect healthy growth moving forward as IT workloads continue moving to the cloud. More recently, concerns about rising investment spending have weighed on the stock-as they have in times past-providing us another opportunity to purchase shares at an attractive multiple of normalized earnings and a discount to its peer-weighted enterprise value-to-sales multiple.”
You can also take a look at 10 Best Stocks to Buy Now According to Billionaire David Harding and 10 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital.
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Disclosure: None. 10 Best Stocks to Buy According to Motley Fool is originally published on Insider Monkey.
