Avalara, Inc. (AVLR) is a trailblazer in cloud-based tax compliance solutions and automating the process of determining, collecting, preparing and filing tax returns. The company has a very ambitious vision, and that is "to be part of every transaction in the world."
(Source: Avalara)
Avalara is a SaaS stock that I would love to own. It operates in a large market, and they have limited competition. Recent legislative changes have benefited Avalara tremendously, and the company is experiencing a surge in revenue growth.
But Avalara stock has a lofty valuation, and the