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However, as the SaaS industry grows, the risk of being exposed to cyber threats is a growing concern. Organizations are often subject to cyberattacks because they have crucial data on the cloud, which is under threat from malware and ransomware. Furthermore, the SaaS space also seems crowded, with several companies vying for a market share in the growing industry.
Against this backdrop, we think it could be wise to avoid fundamentally weak popular SaaS stocks Twilio Inc. (TWLO), Okta, Inc. (OKTA), and Fastly, Inc. (FSLY). Their prices appear to have gotten ahead of their intrinsic values and we think the companies have bleak growth prospects.
