Software Sector Booming
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Technology
Raymond James Sees Strong Growth Ahead for These 2 Software Stocks
81% Informative
The software sector is expected to post solid growth over the next several years .
Raymond James analyst Mark Cash has been looking into the software industry for solid investment choices.
He sees strong growth ahead for two software stocks in particular and has tagged them as potential winners for the year ahead .
Both stocks have Buy ratings from the broader Wall Street consensus, along with solid upside potential.
Confluent gives its users a fully scalable data streaming platform ( DSP ), designed to stream, connect, process, and govern data.
The company released its financial results for Q4 and full-year 2024 this past February .
Confluent reported 1,381 customers with at least $100,000 ARR at the end of Q4, up 12% from the prior-year period.
Raymond James’s Cash goes on to put an Outperform rating here, and his price target, set at $ 30 , points toward a one-year share gain of 39.5% ..
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