Six remote-work stocks that still have room to grow Stephen Donovan, MBA Published April 6, 2021
What are we looking for?
Software-as-a-service (SaaS) companies with bullish analyst sentiment. These businesses sell software on a subscription basis, instead of a once-off charge, making them attractive to investors because their forward-looking revenue is easier to forecast. SaaS companies form part of the S&P 500 Information Technology Sector Index.
The screen
Since bottoming on March 23, 2020, the S&P 500 IT Sector Index has nearly doubled, rising by nearly 96 per cent, and outperforming the S&P 500 by 13 percentage points during this period. With many employees working from home over the past year, many organizations have shifted how they deploy talent, and what tools they can equip their employees with to make them more productive while working remotely. As a result, several SaaS companies have seen their valuations skyrocket as their services become more widely adopted. T