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.

Contact Investing


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.