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Analysts believe the demand for cloud infrastructure will continue increasing because the remote working culture is expected to continue even after the pandemic. Interestingly, cloud computing is evolving and now many applications are being built exclusively for the cloud. Gartner (NYSE:IT) predicts that the portion of enterprise IT spending on public cloud computing will expand 18.4% in 2021 to $304.9 billion. Further, cloud computing still has much untapped potential, and investors can capitalize on it by picking fundamentally sound cloud stocks.
Four cloud stocks that Wall Street analysts believe will surge by more than 20% are Twilio Inc. (TWLO), DocuSign, Inc. (DOCU), Splunk Inc . (SPLK), and Zscaler, Inc. (ZS).
