Laden...
Good evening,
Since the 2008 financial crisis, technology stocks have been the darling of Wall Street. Investors who put money into Alphabet, Amazon, Apple, Facebook, Nvidia, and the like were rewarded handsomely for more than a decade. When the pandemic hit, these companies became an even more important part of our lives. The market thought they could do no wrong and investors kept paying higher and higher valuations as long as tech companies could show growth.
Over the last year, investors have started to ask hard questions as the economy has turned:
- How long can big tech maintain its rapid growth streak?
- Do these companies have too many employees?
- Have these companies become bloated?
- Will these companies ever become profitable?
- Why doesn't big tech issue dividends?
The market turned on big tech companies, demanding they cut costs and operate more profitably. As a result, public technology companies have issued layoffs and pared back growth initiatives.
With technology company valuations seeing corrections, is there still a growth play among the 1,100 technology companies that trade on public markets in the United States?
Some of Wall Street’s most-respected analysts that have proven track records seem to think so. They are issuing “buy” and “strong buy” ratings to a handful of technology companies they think can buck the overall market trend.
Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when top-rated analysts from several different research firms are giving "buy" ratings to the same tech stock.
We have created a report that details the 7 technology companies that Wall Street's top-rated equities research analysts are telling their clients to buy.
If you are looking to make a contrarian play and buy an under-the-radar technology stock in today’s market, chances are the company that you should buy is on the list.
Click here to view "7 Tech Stocks that Analysts Love"
The MarketBeat Team
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Laden...
Laden...
