Apps & Software

Goldman Sachs Has 6 Software Superstars for 2023 With 30% to 150% Upside Potential

The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development and high-end printing, as well as Advertising Cloud offerings.

Adobe offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers and original equipment manufacturers.

The Goldman Sachs price target for Adobe stock is $520, well above the $379.27consensus target of analysts. The final trade Friday came in at $287.94 a share, so hitting the Goldman Sachs target would be an 80% gain.


This is a name investors may not be as familiar with, but it holds tremendous upside potential. Datadog Inc. (NASDAQ: DDOG) engages in the development of monitoring and analytics platforms for developers, information technology operations teams and business users. The company’s platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers’ entire technology stack.

Datadog announced last year the extension of Network Performance Monitoring (NPM) to Windows. Datadog NPM now monitors the performance of network communications between applications running on Windows Server and Linux, providing seamless network visibility across cloud environments, on-premises data centers and operating systems.

Here’s why the analysts are so positive on the shares:

We believe that Datadog is a strategic infrastructure software provider with its end-to-end observability platform poised to benefit from IT departments shifting usage from multiple point solutions into an integrated suite. Datadog’s product-led and grass-roots GTM engine coupled with a best-in-class technology stack is resonating increasingly well with customers. Furthermore, with its upmarket motion gaining traction, we believe the company is ahead of many years of durable revenue growth.

Goldman Sachs has a $188 target price, and Datadog stock is on the firm’s Conviction List of top picks. The consensus target is $139.04, and the stocks closed at $75.69 on Friday. Hitting the Goldman Sachs target would be a 148% gain.


Many investors may not be aware of this software leader either. MongoDB Inc. (NASDAQ: MDB) provides general purpose database platforms worldwide.

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