12 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.

12 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 on Questrade
Microsoft Corporation (MSFT.US)	4.81% Microsoft Corporation's 1-year return based on the closing price as of November 6, 2025.	$3.9 trillion (USD)	NASDAQ	20,010,170	Buy now
Salesforce-com (CRM.US)	-5.32% Salesforce-com's 1-year return based on the closing price as of November 7, 2025.	$186.1 billion (USD)	NYSE	6,493,362	Buy now
Adobe (ADBE.US)	-24.00% Adobe's 1-year return based on the closing price as of November 7, 2025.	$97.4 billion (USD)	NASDAQ	4,379,094	Buy now
Shopify (SHOP.TO)	(data unavailable)	$280 billion (CAD)	Toronto Stock Exchange	1,673,897	Buy now
Wix-Com (WIX.US)	-42.21% Wix-Com's 1-year return based on the closing price as of November 7, 2025.	$3.1 billion (USD)	NASDAQ	470,437	Buy now
Zoom Video Communications (ZM.US)	12.43% Zoom Video Communications's 1-year return based on the closing price as of November 7, 2025.	$26.8 billion (USD)	NASDAQ	2,130,409	Buy now
Datadog (DDOG.US)	15.31% Datadog's 1-year return based on the closing price as of November 7, 2025.	$77.6 billion (USD)	NASDAQ	6,909,022	Buy now
DocuSign (DOCU.US)	15.49% DocuSign's 1-year return based on the closing price as of November 7, 2025.	$15.3 billion (USD)	NASDAQ	2,633,326	Buy now
Dropbox (DBX.US)	17.43% Dropbox's 1-year return based on the closing price as of November 7, 2025.	$7.7 billion (USD)	NASDAQ	2,358,800	Buy now
Alphabet Inc Class A (GOOGL.US)	0.43% Alphabet Inc Class A's 1-year return based on the closing price as of November 7, 2025.	$3.4 trillion (USD)	NASDAQ	34,974,461	Buy now
Kinaxis (KXS.TO)	13.80% Kinaxis's 1-year return based on the closing price as of November 5, 2025.	$5.2 billion (CAD)	Toronto Stock Exchange	129,710	Buy now
Open Text (OTEX.TO)	-23.74% Open Text's 1-year return based on the closing price as of November 6, 2025.	$9 billion (CAD)	Toronto Stock Exchange	921,188	Buy now

The values in this table are accurate as of the market close on November 2, 2026, 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 (ADBE)
• Shopify (SHOP)
• Wix-Com (WIX)
• Zoom Video Communications (ZM)
• Datadog (DDOG)
• DocuSign (DOCU)
• Dropbox (DBX)
• Alphabet Inc Class A (GOOGL)
• Kinaxis (KXS)
• Open Text (OTEX)

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, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. Its products include operating systems, server applications, business solution applications, software development tools, desktop and server management tools, and video games; and devices, such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories.

The company's Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises.

Closing stock price	$520.99
Market Capitalization The total market value of Microsoft Corporation's outstanding shares	$3.9 trillion
Gross profit (TTM)	$234.4 billion
Profit margin	41.17%
Revenue (TTM)	$346.4 billion
Earnings per share (TTM)	$19.16
52-week stock price range	$348.54 – $551.15

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 November 2, 2026.

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Salesforce-com (CRM)

Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time.

It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs.

Closing stock price	$227.11
Market Capitalization The total market value of Salesforce-com's outstanding shares	$186.1 billion
Gross profit (TTM)	$34 billion
Profit margin	21.99%
Revenue (TTM)	$43.9 billion
Earnings per share (TTM)	$10.93
52-week stock price range	$146.06 – $267.80

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 November 3, 2026.

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Adobe (ADBE)

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content.

This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers.

Closing stock price	$248.48
Market Capitalization The total market value of Adobe's outstanding shares	$97.4 billion
Gross profit (TTM)	$23.2 billion
Profit margin	28.05%
Revenue (TTM)	$26 billion
Earnings per share (TTM)	$17.91
52-week stock price range	$190.12 – $362.71

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 November 3, 2026.

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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.

It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline.

Closing stock price	C$220.37
Market Capitalization The total market value of Shopify's outstanding shares	C$280 billion
Gross profit (TTM)	C$6.3 billion
Profit margin	14.53%
Revenue (TTM)	C$13.3 billion
Earnings per share (TTM)	C$2.05
52-week stock price range	C$129.01 – C$255.95

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Wix-Com (WIX)

Wix.com Ltd. operates a cloud-based web development platform for registered users and creators in the United States, Europe, Israel, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform and Wix Studio, a unified website development platform that enables the creation of advanced websites.

It also provides Velo by Wix, a full-stack, no-code/low-code development environment to create content-rich websites and web applications; Wix App Market that offers registered users various free and paid web applications for building, growing, and managing their businesses; Wix Marketplace, which connects users seeking help in creating and managing a website; Wix App, which allows users to manage their websites and Wix operating systems on the go and run their businesses; Spaces by Wix, a mobile app that serves as an interface between site owners and customers; and Wix Customer Care, which provides support and guidance to users throughout the Wix platform.

Closing stock price	$78.56
Market Capitalization The total market value of Wix-Com's outstanding shares	$3.1 billion
Gross profit (TTM)	$1.4 billion
Profit margin	-8.19%
Revenue (TTM)	$2.1 billion
Earnings per share (TTM)	-$3.43
52-week stock price range	$40.16 – $140.33

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 October 27, 2026.

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Zoom Video Communications (ZM)

Zoom Communications, Inc. provides an Artificial Intelligence-first open 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.

It also provides Zoom Docs, a modular workspace; Zoom Whiteboard, an interactive canvas; Zoom Clips for capturing video and screen content; Zoom Rooms, a software-based conference room system; and Workspace Reservation.

Closing stock price	$91.84
Market Capitalization The total market value of Zoom Video Communications's outstanding shares	$26.8 billion
Gross profit (TTM)	$3.9 billion
Profit margin	65.19%
Revenue (TTM)	$5 billion
Earnings per share (TTM)	$10.38
52-week stock price range	$70.70 – $114.74

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 November 3, 2026.

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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, observability pipelines, synthetics, real user monitoring, product analytics, continuous profiler, database monitoring, data observability, LLM observability, error tracking, network monitoring, incident response, workflow automation and App builder, event management, bits AI SRE, cloud cost management, cloud security, code security, cloud SIEM, threat management, sensitive data scanner, and CI visibility.

Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York.

Closing stock price	$220.52
Market Capitalization The total market value of Datadog's outstanding shares	$77.6 billion
Gross profit (TTM)	$3.2 billion
Profit margin	4.48%
Revenue (TTM)	$4 billion
Earnings per share (TTM)	$0.46
52-week stock price range	$98.01 – $300.68

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 November 2, 2026.

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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 gain intelligence and automation across the entire agreement lifecycle; 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; and Document Generation streamlines the process of generating new, custom agreements.

It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Monitor that uses advanced analytics; Notary which enables notaries public to conduct remote online notarization transactions; and Web Forms.

Closing stock price	$80.50
Market Capitalization The total market value of DocuSign's outstanding shares	$15.3 billion
Gross profit (TTM)	$2.7 billion
Profit margin	9.82%
Revenue (TTM)	$3.4 billion
Earnings per share (TTM)	$1.64
52-week stock price range	$40.16 – $85.90

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 November 3, 2026.

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Dropbox (DBX)

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

Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations.

Closing stock price	$36.25
Market Capitalization The total market value of Dropbox's outstanding shares	$7.7 billion
Gross profit (TTM)	$2 billion
Profit margin	17.49%
Revenue (TTM)	$2.5 billion
Earnings per share (TTM)	$1.81
52-week stock price range	$21.70 – $38.22

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 October 29, 2026.

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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.

The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Closing stock price	$280.03
Market Capitalization The total market value of Alphabet Inc Class A's outstanding shares	$3.4 trillion
Gross profit (TTM)	$286.7 billion
Profit margin	50.03%
Revenue (TTM)	$471.1 billion
Earnings per share (TTM)	$18.88
52-week stock price range	$270.00 – $408.10

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 November 2, 2026.

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Kinaxis (KXS)

Kinaxis Inc. provides cloud-based subscription software-as-a-service for supply chain operations in the United States, Europe, Asia, and Canada. The company offers Kinaxis Maestro, an AI-infused supply chain orchestration platform for artificial intelligence, concurrency, developer studio, integration, security, and user experience.

It also provides various solutions for AI agents, control tower, demand, inventory, order management, planning one, returns, sales and operations planning, scheduling, supply, supply chain optimization, supply chain orchestration, spare parts, sustainability, tariffs, and transportation.

Closing stock price	C$194.18
Market Capitalization The total market value of Kinaxis's outstanding shares	C$5.2 billion
Gross profit (TTM)	C$398.7 million
Profit margin	14.42%
Revenue (TTM)	C$603.2 million
Earnings per share (TTM)	C$4.23
52-week stock price range	C$117.22 – C$201.57

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Open Text (OTEX)

Open Text Corporation provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. Its products and solutions help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations.

The company offers cloud services and subscriptions, including software as a service offerings, application programming interfaces and data services, and private cloud products, such as hosted services and managed service arrangements; foundational platform of technology services; and packaged business applications, as well as managed services and outsourced B2B integration solutions, including program implementation, operational management, and customer support.

Closing stock price	C$37.15
Market Capitalization The total market value of Open Text's outstanding shares	C$9 billion
Gross profit (TTM)	C$4 billion
Profit margin	12.26%
Revenue (TTM)	C$5.2 billion
Earnings per share (TTM)	C$3.57
52-week stock price range	C$27.00 – C$52.53

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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. 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 2026?

  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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