The technology sector is advancing at an extraordinary pace, driven by innovations in artificial intelligence (AI), cloud computing, semiconductors, and cybersecurity. For investors aiming to capture long-term growth, allocating a portion of their portfolios to this dynamic industry can offer significant potential returns. However, with valuations remaining elevated and discussions of a possible “AI bubble” persisting, it remains essential to make investment decisions on thorough research and trusted analyst recommendations.
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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.
1. Exodus Movement (EXOD) – Exodus Movement is a fintech company operating in the cryptocurrency and blockchain space. It specializes in digital asset management and self-custody solutions. Yesterday, BTIG analyst Andrew Harte kept his Buy rating and $40 price target, implying 173% upside potential. His rating follows the company’s announcement to acquire W3C Corp, the parent company of Monavate Holdings and its subsidiaries, along with Baanx.com and Baanx US Corp, two established providers of card and payments infrastructure serving fintech, crypto, and enterprise clients. Over the last three months, all three Top Analysts covering EXOD stock have rated it a Strong Buy. Collectively, their 12-month average Exodus Movement price target implies an upside of over 136%.
2. Powerfleet (AIOT) – Powerfleet provides Internet of Things (IoT) and software-as-a-Service (SaaS) solutions to enhance the performance of mobile assets, including industrial trucks, tractor trailers, intermodal shipping containers, cargo, and vehicle and truck fleets. Today, Barrington analyst Gary Prestopino reiterated his Buy rating with a $15 price target, implying 219.2% upside potential. He cited Powerfleet’s stronger-than-expected Q2 results, driven by faster growth in SaaS revenue for his rating. Over the last three months, all six Top Analysts covering the stock have rated it a Strong Buy. Collectively, their 12-month average Powerfleet price target implies an upside of about 134%.
3. Applied Digital (APLD) – Applied Digital Corporation designs, builds, and operates next-generation digital infrastructure with a focus on high-performance computing (HPC) and artificial intelligence (AI). Yesterday, Craig-Hallum analyst George Sutton reiterated his Buy rating without assigning a price target. Over the last three months, all eight Top Analysts covering the stock have rated it a Strong Buy. Collectively, their 12-month average Applied Digital price target implies an upside of about 71%.
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.