• Wed. May 31st, 2023

five Greatest Technologies Stocks to Invest in Now, According to Analysts


May 26, 2023

The technologies sector is identified for its higher development possible. The require to constantly innovate and evolve to preserve up with altering trends tends to make the sector extremely fascinating. In this context, the most up-to-date hype developed by Artificial Intelligence (AI) has sparked worldwide competitors amongst tech firms which seems to be promising for the expansion of the market.

Regardless of the lingering macroeconomic uncertainty and higher inflation, the Dow Jones U.S. Technologies Index and the tech-heavy Nasdaq one hundred index are up 35.six% and 28.three%, respectively, so far in 2023. Hence, increasing interest in AI need to continue to help tech firms.

Leveraging the TipRanks Stock Screener tool, we have shortlisted stocks with the possible to outperform the market place averages. These 5 stocks have received a Robust Get rating from analysts and have an Outperform Smart Score (i.e., eight, 9, or ten) on TipRanks. In addition, the analysts’ value targets indicate space for a 12-month obtain of much more than 20%.

Right here are the 5 preferred stocks of analysts in the tech space.

  • Pure Storage (NYSE:PSTG) – Analysts presently see an upside possible of 33.five% in PSTG stock. Also, it has a Wise Score of ten.
  • Enphase Power (NASDAQ:ENPH) – The stock’s value forecast of $259.58 implies a almost 58% upside. ENPH stock has a Wise Score of eight.
  • Basic Dynamics (NYSE:GD) – GD stock has an analyst consensus upside of 27.five% and a Wise Score of eight.
  • Epam Systems (NYSE:EPAM) – EPAM stock’s typical value target implies a consensus upside of 22.six%. In addition, it has an outperforming Smart Score of nine.
  • Intuit (NASDAQ:INTU) – The stock has an average value target of $504.20, which implies a 22.1% upside possible from existing levels. Also, its Smart Score of nine is encouraging.