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6 Tech Stocks To Own In A High-Growth Market

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6 Tech Stocks To Own In A High-Growth Market

With names like Amazon.com Inc (NASDAQ: AMZN) and Netflix Inc (NASDAQ: NFLX) leading the S&P 500 surge in 2015, it’s clear that growth has been a key market driver this year.

The Technology Sector certainly has no shortage of high-growth names, and six Credit Suisse analysts each recently picked their top tech stocks to buy in six different subsectors.

Here’s a full list of the names they chose.

1. Internet: Facebook Inc (NASDAQ: FB)

Analyst Stephen Ju believes that Facebook will be able to drive revenue growth without “material lift in ad loads” and feels that Wall Street’s conservative estimates for Facebook “underestimate the long-term monetization potential of upcoming new products.”

2. Semiconductors: Analog Devices Inc (NASDAQ: ADI)

Analyst John Pitzer sees the potential for aggressive shareholder returns in coming years and believes that the company is well-positioned for “proliferation of force-touch applications across multiple Apple products.”

3. Semiconductor Equipment: Lam Research Corp (NASDAQ: LRCX)

Analyst Farhan Ahmad keeps it simple, explaining that growth in the saturable absorber mirror (SAM) market will continue to propel the stock higher in coming years.

4. Software: Autodesk Inc (NASDAQ: ADSK)

Analyst Phil Winslow believes that the market is currently underappreciating the company’s “meaningful long-term upside to revenue.”

5. SMID Cap Software: Synchronoss Technologies Inc (NASDAQ: SNCR)

Analyst Michael Nemeroff sees the company’s products as “increasingly important for wireless carriers to exert leverage against handset OEMs.”

6. Tech Hardware/Telecom Equipment: Hewlett-Packard Co (NYSE: HPQ)

Analyst Kulbinder Garcha predicts further operational stability at the company, which will likely continue to eliminate market uncertainty, elevate conservative consensus guidance and reduce the stock’s “steep undervaluation.”

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2020China RenaissanceUpgradesHoldBuy
Nov 2020CitigroupMaintainsBuy
Oct 2020BenchmarkMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
PMTB of A SecuritiesMaintains18.5
IVRB of A SecuritiesMaintains3.0
EFCB of A SecuritiesMaintains15.5
NYMTB of A SecuritiesMaintains3.5
NLYB of A SecuritiesMaintains8.5
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