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Best Stocks to Buy Now: June 30, 2022

Originally published on Best Stocks

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If you’re an investor looking for growth stocks with long-term potential, you’re probably wondering about the best stocks to buy now in 2022. After all, it’s a bit early to dive into 2020 or 2021 stocks. Plenty of great stocks to invest in that have strong growth potential over the next few years. However, if you’re looking for solid long-term investments that can give your portfolio a boost, consider buying these stocks before the end of 2021.

These companies have demonstrated their ability to grow earnings and expand market share by addressing the demand for their products and services. This article will explore why these are the best stocks to buy now in 2022 and highlight top opportunities in each sector. Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.

Contents hide1 Shopify (NYSE: SHOP)2 Autodesk (NASDAQ: ADSK)3 New Relic (NYSE: NEWR)4 Atlassian (NASDAQ: TEAM)5 Conclusion

Shopify (NYSE: SHOP)

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Buy Shopify stock in 2022 just to be on the safe side:

  1. The company is a leading e-commerce platform that provides hardware and software to create an online store. Shoppers can use Shopify’s online store builder to create an online store, while Shopify also includes payment processing, fulfillment, and shipping services.
  2. The company’s target customers are small business owners.
  3. It operates in a massive, $27 trillion e-commerce market expected to grow at a compound annual growth rate (CAGR) of 16% over the next five years.

Shopify is also well-positioned to benefit from the growth in online shopping and rising online retailers in developing countries. And finally, Shopify is implementing a long-term strategy to increase its user base and grow its service revenue. That includes making acquisitions that help it expand into new markets and provide additional functionality for its customers.

Autodesk (NASDAQ: ADSK)

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If you’re looking for a stock poised to see consistent growth over the next five years, you should take a closer look at Autodesk. The company is one of the world’s leading software providers for 3D design, engineering, and construction. Autodesk’s wide range of products is used in architecture, engineering, construction, entertainment, and many others. In addition, the company has a reputation for designing products that are easy to use but also highly powerful, which has helped Autodesk gain a solid and loyal customer base. As a result, Autodesk’s products are used by professionals in all corners of the world, from Hollywood to Shanghai. Even better for investors is that Autodesk’s products are used not only by design professionals but also by large construction firms.

New Relic (NYSE: NEWR)

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New Relic is a leading software analytics platform that provides application performance management (APM) and business analytics software. Its software collects data from software applications and web services and performs analytics to help companies optimize their operations. New Relic can be used across industries, from retail to financial services, healthcare, and technology. It provides real-time insights into customer behavior, user experience, and application performance. More than 50,000 businesses use the company’s products. New Relic’s business model relies on recurring subscription revenue, which is an attractive long-term growth model. Management expects recurring revenue to account for 85% by 2021. New Relic also expands its customer base by adding new features and acquiring smaller companies in its target markets. The combination of high recurring revenue and growth in customers points to long-term solid growth for New Relic.

Atlassian (NASDAQ: TEAM)

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Atlassian is a software company that provides business collaboration, communication, and productivity tools. The company’s products are designed to work together and integrate with existing systems to improve efficiency. Atlassian’s customer base includes 91% of the Fortune 100 and more than 50% of the Fortune 500. Atlassian’s products include Jira, a software development tracking tool; Confluence, a team collaboration tool; and HipChat, a messaging and collaboration app. The company has a robust recurring revenue model, with over 80% of its revenue coming from subscription services. Atlassian has a leading position in the enterprise software market, expected to grow from $450 billion to $680 billion by 2022. The company has a good combination of long-term growth drivers, such as industry tailwinds and a recurring revenue model, and short-term growth drivers, such as growing demand for its products.

Conclusion

Many risks threaten to derail the stock market shortly. These threats are just a few examples of political uncertainty, economic weakness, and global trade tensions. However, investing in stocks with substantial competitive advantages is essential to navigating the market in the short term successfully. These companies should have a durable moat that keeps competitors at bay, allowing them to consistently generate solid returns for shareholders. Investing in great businesses is the best way to develop strong long-term returns. And while the market may be in a bit of a slump, now is the perfect time to start looking for the best stocks to buy right now in 2022.

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