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Top analyst: Favorite software stocks for 2016

Adobe Systems
David Paul Morris | Bloomberg | Getty Images

Even with the recent global macro turmoil investors can still profit by buying long-term growth winners in software, according to a top Wall Street analyst.

"We believe in the long term, secular themes will trump macro concerns," Bank of America Merrill Lynch's Kash Rangan wrote in a note to clients Monday. "Valuation multiples now at August 2011 lows [are] an attractive opportunity."

Rangan is one of the top-ranked analysts on Wall Street. His picks average a 59 percent success rate and he is ranked in the top 13 percent of all analysts for his stock-picking acumen, according to TipRanks.

Here are three of Rangan's favorite software stocks for 2016.


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