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Stock impact report

2 Lucrative SaaS Stocks to Own This September [Yahoo! Finance Canada]

Docebo Inc. - Common Shares (DCBO) 
Several companies are now shifting towards a SaaS (software-as-a-service) business model to benefit from a steady stream of recurring revenue across market cycles. Here, customers subscribe to the software without purchasing it upfront. Compared to the traditional model, where users pay a large sum to own the software, SaaS provides recurring sales to companies and offers the customer with pricing flexibility. These companies enjoy high gross margins and asset-light businesses, making SaaS stocks a top investment choice in 2024. While several SaaS companies are operating in the U.S. and Canadian markets, here are two top tech stocks you can consider owning this September. Snowflake stock Valued at US$38 by market cap Snowflake NYSE:SNOW ) stock is down 71% from all-time highs. The steep decline in share prices allows investors to buy the dip and derive outsized gains when market sentiment recovers. Snowflake offers enterprises a cloud-based data platform. Its Data Cloud produ Show less Read more
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