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According to Statista, software market revenue is expected to reach $581.18 billion this year. The industry’s revenue is expected to grow at a 7.22% CAGR over the next five years to reach $823.71 billion by 2026. Also, investors’ interest in software stocks is evident in the SPDR S&P Software & Services ETF’s (XSW) 8.1% gains over the past six months.
So, we think it could be wise to add software stocks UiPath Inc. (PATH), ZoomInfo Technologies Inc. (ZI), and Five9, Inc. (FIVN) to one’s watchlist because analysts have recently upgraded them.
