From Yahoo Finance: 2025-03-30 16:50:00

Cloud computing is a cost-effective way to access computing services online. Gartner projects that 90% of organizations will adopt hybrid cloud by 2027, with spending on public cloud services reaching $723 billion in 2025. IaaS and PaaS segments are expected to grow the fastest, indicating the industry’s future growth potential.

Mitek Systems Inc. (MITK) offers cloud-based solutions for digital identity verification and fraud prevention. Analysts maintain a positive outlook, citing growing demand in these areas. The company’s Q1 FY25 revenue exceeded expectations, showcasing its potential for growth. MITK ranks 7th on the list of best cloud computing stocks under $10, with a 53% upside potential.

Hedge funds are increasingly interested in cloud computing stocks trading under $10. By imitating top hedge fund stock picks, investors can outperform the market. AI stocks are seen as holding greater promise for higher returns in a shorter time frame. For more insights, check out the report on the cheapest AI stock poised for massive gains.



Read more at Yahoo Finance: Is Mitek Systems Inc. (MITK) the Best Cloud Computing Stock to Buy Under $10?