🤝 Insiders: SaaS Industry Stock Picks

This week we’re diving into the world of business-to-business (B2B) software-as-a-service (SaaS) stocks.

B2B SaaS companies have taken off over the past decade for providing cloud-based products for businesses. And it turns out that focusing on selling businesses, rather than individual consumers, is extremely lucrative.

Investors love B2B SaaS stocks - they provide predictable, recurring revenue streams. Businesses don’t change SaaS providers that frequently - and SaaS providers try and lure companies in with long-term contracts.

And B2B SaaS stocks are very scalable, high-margin, and have strong growth potential.

The SaaS market was valued at a hair under $250 billion in 2022. But it's projected to grow into a $908 billion one by 2030 - a CAGR of almost 19%.

And with the AI arms race taking off, more SaaS providers are going to be pitching ways for their clients to capitalize on the generative AI revolution.

This week, we’re looking at four SaaS stocks we’re keeping our eyes on.

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Top SaaS Stocks

1. Salesforce ($CRM)

Business Overview

Salesforce is one of the OG software companies. Salesforce’s bread and butter is its customer relationship management (CRM) software.

Salesforce was founded in 2001, IPO'd in 2004, and became the first cloud company to reach $1B in revenue in 2009.