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11 top cloud stocks to buy in 2024

Ready to invest in the cloud computing industry? Learn how to invest in cloud stocks in just a few steps.

The best cloud stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

11 popular cloud stocks picks to buy in 2024

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

  1. Dropbox (DBX)
  2. Adobe Systems Incorporated (ADBE)
  3. Fastly (FSLY)
  4. Salesforce-com (CRM)
  5. Datadog (DDOG)
  6. Medifirst Solutions (MFST)
  7. Crowdstrike (CRWD)
  8. Splunk (SPLK)
  9. Snowflake (SNOW)
  10. DocuSign (DOCU)
  11. Amazon-com (AMZN)

Compare premium accounts that help you research stocks

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

Our picks for platforms with research tools

Moby Premium


  • Services: Analyst stock picks & research
  • Fees: $99.96/first full year for new members
  • Features: 3 new stock picks a week, daily newsletter, lessons, video reports

Robinhood Gold


  • Min. deposit: $0
  • Stock trade fee: $0
  • Sign up bonus: Get a free stock when you successfully sign up and link your bank account.

Public.com Premium


  • Min. deposit: $0
  • Uninvested cash APY: 0.01%
  • No bonus

How to invest in cloud stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like DBX or ADBE.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into cloud stocks

If you're interested in investing in the cloud computing industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Dropbox (DBX)

Dropbox, Inc. provides a content collaboration platform worldwide. 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.

Dropbox stock opened the day at $24.28 after a previous close of $23.86. The latest price was $23.26 (25-minute delay). Dropbox is listed on the NASDAQ, has a trailing 12-month revenue of around USD2.5 billion and employs 2,693 staff.

  • Market capitalization: $8,207,458,304
  • P/E ratio: 18.2137
  • PEG ratio: 2.1603

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2. Adobe Systems Incorporated (ADBE)

Adobe Inc. , together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.

Adobe Systems Incorporated stock opened the day at $553.94 after a previous close of $538.52. The latest price was $537.57 (25-minute delay). Adobe Systems Incorporated is listed on the NASDAQ, has a trailing 12-month revenue of around USD$19.4 billion and employs 29,945 staff.

  • Market capitalization: $243,411,042,304
  • P/E ratio: 45.6373
  • PEG ratio: 2.0062

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3. Fastly (FSLY)

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

Fastly stock opened the day at $14.76 after a previous close of $14.44. The latest price was $14.65 (25-minute delay). Fastly is listed on the NYSE and has a trailing 12-month revenue of around USD$506 million.

  • Market capitalization: $1,888,752,000

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4. Salesforce-com (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.

Salesforce-com stock opened the day at $292.00 after a previous close of $283.55. The latest price was $293.65 (25-minute delay). Salesforce-com is listed on the NYSE, has a trailing 12-month revenue of around USD$34 billion and employs 70,843 staff.

  • Market capitalization: $277,225,537,536
  • P/E ratio: 108.8935
  • PEG ratio: 1.4947

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5. Datadog (DDOG)

Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

Datadog stock opened the day at $130.20 after a previous close of $125.84. The latest price was $131.12 (25-minute delay). Datadog is listed on the NASDAQ and has a trailing 12-month revenue of around USD$2.1 billion.

  • Market capitalization: $42,626,596,864
  • P/E ratio: 926.7143
  • PEG ratio: 1.7296

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6. Medifirst Solutions (MFST)

Medifirst Solutions, Inc. , a development stage company, focuses on developing products within the healthcare market for consumer and professional applications. It develops a hand-held mobile laser system, The Time Machine Series lasers to treat temporary relief of minor muscle and joint pains, stiffness, minor arthritis pain, muscle spasms, temporary increase in local blood circulation, and temporary relaxation of muscles.

Medifirst Solutions is listed on the OTCCE, has a trailing 12-month revenue of around USD$64,805 and employs 1 staff.

  • Market capitalization: $10,510
  • PEG ratio: 0

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7. Crowdstrike (CRWD)

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

Crowdstrike stock opened the day at $304.93 after a previous close of $292.36. The latest price was $310.91 (25-minute delay). Crowdstrike is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.8 billion and employs 7,745 staff.

  • Market capitalization: $77,737,336,832
  • PEG ratio: 2.6502

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8. Splunk (SPLK)

Splunk Inc. , together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

Splunk stock opened the day at $155.64 after a previous close of $155.48. The latest price was $155.63 (25-minute delay). Splunk is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4 billion and employs 8,000 staff.

  • Market capitalization: $26,204,444,672
  • P/E ratio: 228.6471
  • PEG ratio: 0.8508

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9. Snowflake (SNOW)

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.

Snowflake stock opened the day at $224.14 after a previous close of $216.21. The latest price was $225.62 (25-minute delay). Snowflake is listed on the NYSE, has a trailing 12-month revenue of around USD$2.6 billion and employs 6,783 staff.

  • Market capitalization: $71,089,848,320
  • PEG ratio: 2.823

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10. DocuSign (DOCU)

DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company provides DocuSign 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 Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

DocuSign stock opened the day at $50.56 after a previous close of $50.08. The latest price was $50.14 (25-minute delay). DocuSign is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.7 billion and employs 7,336 staff.

  • Market capitalization: $10,192,621,568
  • P/E ratio: 199.92
  • PEG ratio: 1.0322

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11. Amazon-com (AMZN)

Amazon. com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

Amazon-com stock opened the day at $173.10 after a previous close of $168.59. The latest price was $174.58 (25-minute delay). Amazon-com is listed on the NASDAQ, has a trailing 12-month revenue of around USD$574.8 billion and employs 1,525,000 staff.

  • Market capitalization: $1,735,526,711,296
  • P/E ratio: 57.4158
  • PEG ratio: 2.325

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Compare more stock trading platforms to invest in cloud stocks

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Bottom line

While it’s possible to turn a profit investing in cloud stocks, keep in mind that — like any investment — cloud stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the cloud computing industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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