My name is Vlad Antonov, I’m a seasoned market analyst, trader & crypto enthusiast. Welcome to my new column Trader’s Diary here at The Future is Now. Here you have the opportunity to submerge into the mind of a trader that has been calling sharp market turns, speculating and hitting the bull’s eye. None of this is investment advice and should not be considered as investment advice. Trade and invest at your own risk and always consult your investment adviser. I simply show you how I work as a way for you to learn from my experience.
After the large stock market crash in March, many people decided to hedge against the stock market and wait for better times in USD or Gold. In my opinion, there are no better times than now to find some IT companies that can have 100-300% growth this year alone.
Here are three IT companies, which in my opinion might double or even triple this year because of the coronavirus and shifting market demand.
DOCU (DocuSign). DocuSign it’s the industry leading e-signature platform from DocuSign, which allows users to capture agreements electronically. The company’s revenue has been steadily increasing, and last year’s annual revenue gain was at a healthy 39%, and with 94% of its sales attributable to subscriptions. Amid coronavirus lockdown, many companies and organizations are very likely to rely on digital signatures. I think that it’s a good time to enter the market, hence I decided to enter the market while the price is still at $84 per stock. My sell target: $180 USD
Datadog. It’s a software-as-a-service company, involved incloud computing – cloud monitoring if to be more specific.Datadog helps developers and operations teams see their full infrastructure – cloud, servers, apps, services, metrics, and more – all in one place. This includes real-time interactive dashboards that can be customized to a team’s specific needs, full-text search capabilities for metrics and events, sharing and discussion tools so teams can collaborate using the insights they surface, targeted alerts for critical issues, and API access to accommodate unique infrastructures. In addition to that impressive revenue growth, Datadog posted a positive net income under generally accepted accounting principles (GAAP) for the second consecutive quarter thanks to its increasing scale.Stock currently holds a Zacks Sector Rank of #4. Current price: $36 USD. Target price: $75 USD. For those who want to hold it for couple years, the reasonable target would be over $242
Zoom. Since the beginning of the global pandemics it became a global and largest provisioner of frictionless video, voice, chat and content sharing, that enables face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. Numerous reports have shown large surge in Zoom demand and it’s very likely that economics will shift towards remote workers. How do finances look like? Prior to going public, Zoom Video (ZM) had been doubling its revenue for the past three years and did this again for the fourth year. The company posted 100%+ revenue growth, climbing from $60M in revenue for fiscal 2017 to $330M in revenue for fiscal 2019. This is with gross profit margins in the high 70% to low 80% range. My entry point: $124 . My sell target: $280. I expect Zoom to make 100% within next 7-18 month.
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