The technology sector continues to evolve rapidly, fueled by breakthroughs in artificial intelligence (AI), cloud computing, semiconductors, and cybersecurity. Investors seeking growth opportunities should consider allocating part of their portfolios to this dynamic industry to enhance returns. However, given the persistent concerns about high valuations and the potential “AI bubble,” it is wise to rely on insights and recommendations from top analysts before making investment decisions.
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According to Top Wall Street Analysts, the three stocks listed below are “Strong Buys.” Each stock received a new Buy rating recently and has significant upside as well.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Bitdeer Technologies (BTDR) – Singapore-based Bitdeer Technologies specializes in blockchain and high-performance computing. Yesterday, Rosenblatt Securities analyst Kevin Cassidy reiterated his Buy rating and raised his price target from $20 to $30, implying 99.7% upside potential. Bitdeer exceeded Q3 revenue expectations, with bitcoin self-mining revenue surging by 315% year-over-year and 120% quarter-over-quarter. Over the last three months, all 10 Top Analysts covering the stock have rated it a Strong Buy. Combined, their 12-month average Bitdeer Technologies price target implies an upside of nearly 114%.
Core Scientific (CORZ) – Core Scientific operates data centers for cryptocurrency mining. Yesterday, Craig-Hallum analyst George Sutton reiterated his Buy rating without assigning a price target. Following Core Scientific’s shareholders’ rejection of the proposed CoreWeave (CRWV) merger, analysts have raised their price targets on CORZ stock. Over the last three months, 10 Top Analysts covering the stock have rated it a Buy, while one has rated it a Hold. Taken together, their 12-month average Core Scientific price target implies an upside of nearly 62%.
Clearwater Analytics Holdings (CWAN) – Clearwater provides investment and accounting software for institutional investors. Yesterday, D.A. Davidson analyst Peter Heckmann reiterated his Buy rating and $30 price target, implying 63% upside potential. Clearwater stock is gaining attention after reporting strong Q3 results and amid speculation of a potential sale due to interest from prospective buyers. Over the last three months, all eight Top Analysts covering the stock have rated it a Strong Buy. Combined, their 12-month average Clearwater price target implies an upside of nearly 58%.
To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks Tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Who Are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.