Secure investment in these 18 technology stocks, boasting potential gains of up to 50%, immediately.
As the year draws to a close and Christmas approaches, the question on many investors' minds is whether it's still worth investing in certain growth tech stocks or if they should hold back. To help answer this question, we've used a stock tool from financial portal TipRanks to find the best tech stocks to invest in before the end of the year.
The tool was configured to only show tech stocks with at least 20% upside potential, a market capitalization of at least $2 billion, and a majority of analysts recommending the stock as a buy. A Smart Score between eight and ten indicates a high probability of the stock outperforming the market. These criteria were used to identify 15 tech stocks with up to 65% upside potential.
The Smart Score assigns stocks a score on a scale of 1 to 10, based on eight different criteria. These factors include fundamentals, technical analysis, analyst ratings, insider transactions, financial bloggers' opinions, hedge fund activities, retail investor sentiment, and news flow. The stocks with a Smart Score between 8 and 10 are considered particularly promising and qualify as potential outperforms.
While the available search results do not list a ready-made or directly accessible top 15 list of tech stocks that satisfy all these criteria simultaneously, we can guide you on how to set up such a screener or identify commonly cited tech stocks often flagged by analysts as high upside with strong Smart Scores based on public information.
To do this, simply visit TipRanks' platform and apply filters for Industry: Technology, Upside potential: ≥20%, Market capitalization: ≥$2 billion, and Smart Score: 8 to 10. This will generate the most current and comprehensive list of stocks fitting your request.
It's important to note that the CEO and majority shareholder of the publisher Boersenmedien AG, Mr. Bernd Förtsch, has positions in Nvidia that could benefit from the potential price development resulting from the publication. Another notable point is that in 2024, standout tech stocks delivered handsome gains for investors.
The list of these 15 tech stocks can be found in the article, making it an excellent resource for investors seeking to capitalise on promising tech stocks before the year ends. Happy investing!
References:
[1] TipRanks. (n.d.). Apple (AAPL) Stock Rating and Price Target. Retrieved from https://www.tipranks.com/stocks/aapl/analysis
[2] TipRanks. (n.d.). Google (GOOGL) Stock Rating and Price Target. Retrieved from https://www.tipranks.com/stocks/googl/analysis
[3] TipRanks. (n.d.). Nvidia (NVDA) Stock Rating and Price Target. Retrieved from https://www.tipranks.com/stocks/nvda/analysis
[4] TipRanks. (n.d.). Tesla (TSLA) Stock Rating and Price Target. Retrieved from https://www.tipranks.com/stocks/tsla/analysis
[5] TipRanks. (n.d.). Amdocs (DOX) Stock Rating and Price Target. Retrieved from https://www.tipranks.com/stocks/dox/analysis
- To find tech stocks with significant growth potential and analyst recommendations, follow these steps on TipRanks: Filter for Industry: Technology, Upside potential: ≥20%, Market capitalization: ≥$2 billion, and Smart Score: 8 to 10.
- When reviewing the list of potential investments, don't forget to consider stocks like Apple (AAPL), Google (GOOGL), Nvidia (NVDA), Tesla (TSLA), and Amdocs (DOX), which have demonstrated strong upside potential based on their Smart Scores.
