ADSK - 2 Magnificent Stocks to Buy and Never Sell
2023-09-08 06:45:00 ET
Software companies have positioned themselves in a unique place over the past decade. Instead of offering a yearly product license that customers may or may not renew annually, software companies have pushed the subscription pricing model onto clients. This creates more consistent cash flows, making companies more efficient.
Two of my top software companies are Adobe (NASDAQ: ADBE) and Autodesk (NASDAQ: ADSK) . Each provides vital software for its target audience and has successfully pivoted from a license to a subscription model. Read on to find out more about why these two companies make fantastic buys now.
Adobe and Autodesk make software for a specific audience. Adobe's creative design suite is utilized by almost everyone in the graphics design field, but it also has other products for marketing, e-commerce, and e-signature. Adobe is also a dark-horse artificial intelligence (AI) stock, as it is working to integrate AI into its products to assist users.
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2 Magnificent Stocks to Buy and Never Sell