|Bid||312.00 x 800|
|Ask||322.86 x 900|
|Day's Range||318.92 - 323.93|
|52 Week Range||235.74 - 343.96|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||126.48|
|Earnings Date||Nov. 29, 2021 - Dec. 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||344.33|
Syneos Health's (SYNH) recent acquisition boosts the company's ability to deliver strategic insights and technology-enabled solutions that address the customers' most complex data challenges.
Back in the early 2000s, most software products were installed locally on PCs. This "software-as-a-service" (SaaS) model is a core pillar of the cloud computing market, and it could still grow at a compound annual growth rate of 12.5% between 2021 and 2025, according to Research and Markets. To tap into that market's growth, investors should consider buying shares of Adobe (NASDAQ: ADBE), DocuSign (NASDAQ: DOCU), and Veeva Systems (NYSE: VEEV) -- which each dominate their respective SaaS markets.
For those focused on the long game, the recent poor stock performances of Vertex Pharmaceuticals and Veeva Systems may present buying opportunities.