2 “Strong Buy” Software Stocks with Upside Potential for 2023

Despite their long-term tailwinds in the cloud, Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM) have felt the heavy impact of macro headwinds. As a recession becomes increasingly likely for 2023, it’s hard to tell where the bottom will be for the two blue-chip behemoths. Regardless, Microsoft and Salesforce are two very high-quality firms that Wall Street analysts expect upside from, even though high-growth plays may continue to go out of favor amid climbing interest rates through 2023.

I also see numerous scenarios where MSFT and CRM escape 2023 with gains. Let’s see how the two “Strong Buy” software stocks stack up as they dive head-first into a potential recession.