13 saas stocks to watch

Considering investing in saas stocks? While the best saas stocks depend on your portfolio and investment goals, we've identified some saas stocks that are worth keeping an eye on in the software-as-a-service sector. Keep reading to learn more about saas stocks and how to start investing.

13 popular saas stocks to watch

We round up a selection of stocks in or related to the software-as-a-service industry, weighting the list more heavily towards popular mid- and large-cap stocks.

Best stock	1-year return	Market cap	Exchange	Volume	Buy now on CIBC Investor's Edge
Microsoft Corporation (MSFT.US)	(data unavailable)	$3.7 trillion (USD)	NASDAQ	(data unavailable)	Buy now
Salesforce-com (CRM.US)	(data unavailable)	$222.6 billion (USD)	NYSE	(data unavailable)	Buy now
Adobe Systems Incorporated (ADBE.US)	(data unavailable)	$136.9 billion (USD)	NASDAQ	(data unavailable)	Buy now
Shopify (SHOP.US)	(data unavailable)	$206.5 billion (USD)	NYSE	(data unavailable)	Buy now
Wix-Com (WIX.US)	(data unavailable)	$5.3 billion (USD)	NASDAQ	(data unavailable)	Buy now
Slack Technologies (WORK.US)	(data unavailable)	$26.5 billion (USD)	NYSE	(data unavailable)	Buy now
Zoom Video Communications (ZM.US)	(data unavailable)	$25.2 billion (USD)	NASDAQ	(data unavailable)	Buy now
Datadog (DDOG.US)	(data unavailable)	$56.1 billion (USD)	NASDAQ	(data unavailable)	Buy now
DocuSign (DOCU.US)	(data unavailable)	$14 billion (USD)	NASDAQ	(data unavailable)	Buy now
Dropbox (DBX.US)	(data unavailable)	$7.8 billion (USD)	NASDAQ	(data unavailable)	Buy now
Alphabet Inc Class A (GOOGL.US)	(data unavailable)	$3.8 trillion (USD)	NASDAQ	(data unavailable)	Buy now
SQ (SQ.US)	(data unavailable)	(data unavailable)	NYSE	(data unavailable)	Buy now
Cloudera (CLDR.US)	(data unavailable)	$4.7 billion (USD)	NYSE	(data unavailable)	Buy now

The values in this table are accurate as of the market close on December 3, 2025, or the most recent data available. Volume refers to the number of shares traded during the day.

What to look for when investing in saas stock

The software-as-a-service industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering saas stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.

How to invest in saas stock

1. Research the software-as-a-service industry. Before investing, learn about the saas stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
2. Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
3. Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
4. Select the saas stock(s) to buy. Search by company name or ticker symbol, like MSFT or CRM. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
5. Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.

Our top picks for where to buy saas stocks

Are saas stocks a good investment?

While it's possible to turn a profit investing in saas stocks, keep in mind that—like any investment—saas stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the software-as-a-service industry, so carefully vet your picks before you invest.

What are the best saas stocks?

A lot of factors go into picking the best saas stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong saas stock investment for one person might not be suitable for another.

That said, we rounded up this list of popular saas stocks in or related to the software-as-a-service industry to help narrow down your options:

• Microsoft Corporation (MSFT)
• Salesforce-com (CRM)
• Adobe Systems Incorporated (ADBE)
• Shopify (SHOP)
• Wix-Com (WIX)
• Slack Technologies (WORK)
• Zoom Video Communications (ZM)
• Datadog (DDOG)
• DocuSign (DOCU)
• Dropbox (DBX)
• Alphabet Inc Class A (GOOGL)
• SQ (SQ)
• Cloudera (CLDR)

Keep in mind that this is not a "best" list or a recommendation. It highlights some saas stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.

We've outlined detailed company and stock performance details for each saas stock below. Keep reading to decide if any of these companies are the right investment for you.

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Microsoft Corporation (MSFT)

Microsoft Corporation develops and supports software, services, devices, and solutions worldwide. The company's Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Windows Commercial, Power BI, Exchange, SharePoint, Microsoft Teams, Security and Compliance, and Copilot; Microsoft 365 Commercial products, such as Windows Commercial on-premises and Office licensed services; Microsoft 365 Consumer products and cloud services, such as Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other consumer services; LinkedIn; Dynamics products and cloud services, such as Dynamics 365, cloud-based applications, and on-premises ERP and CRM applications. Its Intelligent Cloud segment provides Server products and cloud services, such as Azure and other cloud services, GitHub, Nuance Healthcare, virtual desktop offerings, and other cloud services; Server products, including SQL and Windows Server, Visual Studio and System Center related Client Access Licenses, and other on-premises offerings; Enterprise and partner services, including Enterprise Support and Nuance professional Services, Industry Solutions, Microsoft Partner Network, and Learning Experience.

Market Capitalization The total market value of Microsoft Corporation's outstanding shares	$3.7 trillion
Gross profit (TTM)	$202 billion
Profit margin	35.71%
Revenue (TTM)	$293.8 billion
Earnings per share (TTM)	$14.07
52-week stock price range	$342.95 – $553.50

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Salesforce-com (CRM)

Salesforce, Inc. provides customer relationship management (CRM) technology that connects companies and customers together worldwide. The company offers Agentforce, an agentic layer of the salesforce platform; Data Cloud, a data engine; Industries AI for creating industry-specific AI agents with Agentforce ; Salesforce Starter, a suite of solution for small and medium-size business; Slack, a workplace communication and productivity platform; Tableau, an end-to-end analytics solution for range of enterprise use cases and intelligent analytics with AI models, spot trends, predict outcomes, timely recommendations, and take action from any device; and integration and analytics solutions, as well as Agentforce Command Center, an observability solution to manage, track, and scale AI agent activity.

Market Capitalization The total market value of Salesforce-com's outstanding shares	$222.6 billion
Gross profit (TTM)	$30.7 billion
Profit margin	16.87%
Revenue (TTM)	$39.5 billion
Earnings per share (TTM)	$6.87
52-week stock price range	$221.96 – $366.78

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Adobe Systems Incorporated (ADBE)

Adobe Inc. operates as a technology company worldwide. Its Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content; Document Cloud, a cloud-based document services platform; and Creative Cloud, a subscription service that allows subscribers to use its creative products and applications (apps) integrated with cloud-delivered services across various surfaces and platforms.

Market Capitalization The total market value of Adobe Systems Incorporated's outstanding shares	$136.9 billion
Gross profit (TTM)	$20.7 billion
Profit margin	30.01%
Revenue (TTM)	$23.2 billion
Earnings per share (TTM)	$16.05
52-week stock price range	$311.59 – $557.90

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Shopify (SHOP)

Shopify Inc. , a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.

Market Capitalization The total market value of Shopify's outstanding shares	$206.5 billion
Gross profit (TTM)	$5.2 billion
Profit margin	16.65%
Revenue (TTM)	$10.7 billion
Earnings per share (TTM)	$1.36
52-week stock price range	$69.84 – $182.19

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Wix-Com (WIX)

Wix. com Ltd. , together with its subsidiaries, operates a cloud-based web development platform for registered users and creators worldwide.

Market Capitalization The total market value of Wix-Com's outstanding shares	$5.3 billion
Gross profit (TTM)	$1.3 billion
Profit margin	7.20%
Revenue (TTM)	$1.9 billion
Earnings per share (TTM)	$2.36
52-week stock price range	$92.23 – $247.11

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Slack Technologies (WORK)

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model.

Market Capitalization The total market value of Slack Technologies's outstanding shares	$26.5 billion
Gross profit (TTM)	$780.9 million
Profit margin	-25.98%
Revenue (TTM)	$974.3 million
Earnings per share (TTM)	-$0.44

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Zoom Video Communications (ZM)

Zoom Communications Inc. provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, a cloud phone system; and Zoom Team Chat enables users to share messages, images, files, and content in desktop, laptop, tablet, and mobile devices.

Market Capitalization The total market value of Zoom Video Communications's outstanding shares	$25.2 billion
Gross profit (TTM)	$3.7 billion
Profit margin	33.17%
Revenue (TTM)	$4.8 billion
Earnings per share (TTM)	$5.14
52-week stock price range	$64.41 – $91.04

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Datadog (DDOG)

Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data observability, universal service monitoring, network monitoring, error tracking, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, event management and CI and LLM visibility.

Market Capitalization The total market value of Datadog's outstanding shares	$56.1 billion
Gross profit (TTM)	$2.6 billion
Profit margin	3.32%
Revenue (TTM)	$3.2 billion
Earnings per share (TTM)	$0.30
52-week stock price range	$81.63 – $201.69

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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DocuSign (DOCU)

DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the agreement management process and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce for automated agreement generation within Salesforce.

Market Capitalization The total market value of DocuSign's outstanding shares	$14 billion
Gross profit (TTM)	$2.5 billion
Profit margin	9.08%
Revenue (TTM)	$3.1 billion
Earnings per share (TTM)	$1.32
52-week stock price range	$63.50 – $107.86

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Dropbox (DBX)

Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.

Market Capitalization The total market value of Dropbox's outstanding shares	$7.8 billion
Gross profit (TTM)	$2 billion
Profit margin	19.87%
Revenue (TTM)	$2.5 billion
Earnings per share (TTM)	$1.76
52-week stock price range	$24.42 – $33.33

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Alphabet Inc Class A (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments.

Market Capitalization The total market value of Alphabet Inc Class A's outstanding shares	$3.8 trillion
Gross profit (TTM)	$228.1 billion
Profit margin	32.23%
Revenue (TTM)	$385.5 billion
Earnings per share (TTM)	$10.14
52-week stock price range	$140.23 – $328.83

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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SQ (SQ)

N/A. . .

52-week stock price range	$80.20 – $99.26

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Cloudera (CLDR)

Cloudera, Inc. offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.

Market Capitalization The total market value of Cloudera's outstanding shares	$4.7 billion
Gross profit (TTM)	$680.1 million
Profit margin	-15.73%
Revenue (TTM)	$904.8 million
Earnings per share (TTM)	-$0.47

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

Compare trading platforms to buy SaaS stock

Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.

Related: Compare the best stock trading platforms in Canada

Bottom line

If you're considering adding saas stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of saas stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the software-as-a-service industry to know when to buy, sell or hold.

Related: How to buy stocks in Canada

Frequently asked questions about saas stocks

• What are saas stocks?

  Saas stocks are shares of companies that either directly work in the saas sector or operate within related industries. Investors interested in buying saas stocks may be looking to take advantage of market trends or lock in investments for the long haul.

• What is the top saas stock to buy in 2025?

  Unfortunately, it's almost impossible to choose a single "top" saas stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.

• Where can I find information and regular updates about the software-as-a-service industry?

  You can keep track of the latest software-as-a-service news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the software-as-a-service industry.

Check these other commodities and investment sectors

If you're thinking about diversifying your portfolio and investing in sectors beyond saas stocks, here are some others you can consider:

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