Goldman Sachs Very Bullish on Cloud Software: 6 Red-Hot Stocks to Buy Now>
MSN – Lee Jackson
In a new report, Goldman Sachs initiates coverage on 12 of the top stocks in this part of the sector. The firm notes in the coverage that there remains a staggering $1 trillion in total addressable market size. Clearly, there remains a massive level of upside.

Of the 12 stocks initiated, six are rated Buy at Goldman Sachs. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Adobe Systems

The Goldman Sachs price target is posted at $580, while the Wall Street consensus is set just lower at $565.87. The last trade on Monday came in at $473.44.

Microsoft Microsoft stock investors receive a 0.98% dividend. The Goldman Sachs price target for the shares is $285, and the Wall Street consensus target is $243.33. The stock closed on Monday at $229.53 per share.

Salesforce.com

Goldman Sachs has a $315 price objective for the shares, while the consensus target is $274.71. Monday’s final print for Salesforce.com stock was $225.92.

ServiceNow

The massive $670 Goldman Sachs price objective towers above the consensus target price of $570.29. Service Now stock closed at $537.88 on Monday.

Splunk Goldman Sachs has set a $240 price target. The consensus target is $203.51, Splunk stock was last seen on Monday at trading $171.91 a share.

Workday

The Goldman Sachs price objective for Workday stock is $300. That compares with the lower $255.84 consensus target and Mondayâs closing price of $234.99 a share.
Link: https://www.msn.com/en-us/money/companies/goldman-sachs-very-bullish-on-cloud-software-6-red-hot-stocks-to-buy-now/ar-BB1d6P3q