PLAN - Evercore sees moveable feast in software stocks continuing in naming top picks for 2021

Evercore ISI lays out some of its top themes and ideas for investors to watch for in the software sector in 2021 amid its expectation for the salad days to continue in the new year powered by cloud-based tech demand. The firm acknowledges a bit of a near-term tug-of-war in software as improving 2021 demand trends face off against potential valuation and money flow headwinds, but believes the sector is still sitting in a favorable position off its strong view the shift towards digital is not going to reverse itself after the pandemic. In general, Evercore is bullish on software, and continues to favor some of the 2020 laggards that are positioned to benefit from improving demand trends in 2021 and have a lower bar in terms of their valuations. The fundamental outlook into 2021 on software 4.0 remains very positive no matter the make-up of the U.S. government. Software

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Evercore sees moveable feast in software stocks continuing in naming top picks for 2021