The technology sector is in a state of continual transformation, driven by advancements in areas such as artificial intelligence (AI), cloud computing, semiconductors, cybersecurity, and more. Investors must allocate a portion of their funds to this high-growth sector to maximize their portfolio returns. Notably, amid the macroeconomic uncertainty surrounding U.S. President Donald Trump’s tariffs and the ongoing trade war with China, it would be prudent to follow the recommendations of top analysts on technology companies before making a decision.
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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 a significant upside as well.
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.
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.
Backblaze (BLZE) – Backblaze is a cloud-storage provider offering open cloud workflows from providers of customers’ choice at reasonable costs. Yesterday, Craig-Hallum analyst Jeff Van Rhee reiterated his Buy rating on BLZE stock. Over the last three months, all three Top Analysts covering BLZE stock have rated it a Buy. Collectively, their 12-month average Backblaze price target implies an upside of over 105%.
QXO Inc. (QXO) – QXO operates in the building materials sector, with a special focus on commercial and residential roofing, waterproofing, and complementary building products in the U.S. On July 1, five-star analyst Keith Hughes of Truist Financial initiated coverage of QXO stock with a Buy rating and a price target of $30 (41.6% upside). The analyst is optimistic about QXO’s aggressive plans of consolidating the fragmented building products distribution industry. According to Hughes, QXO will “require frequent deal-making,” for which the company is well equipped. In the last three months, all four Top Analysts covering the stock rated it a Buy. Taken together, their 12-month average QXO price target implies an upside of about 52%.
Adtran (ADTN) – Adtran provides fiber networking and telecommunications services across the U.S. On Tuesday, Craig-Hallum’s top analyst, Christian Schwab reiterated his Buy rating on ADTN stock. Over the last three months, all three Top Analysts covering the stock have rated it a Buy. Collectively, their 12-month average Adtran price target implies an upside of 31.3%.
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.
See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.