Log in

15 Technology Stocks that Analysts Love in 2020

Posted on Friday, September 25th, 2020 by MarketBeat Staff
There are more than 1,100 technology companies traded on public markets in the United States. Given the sheer number of hardware makers, social networks, software companies, service providers and other tech stocks, it can be hard to identify which tech companies are going to outperform the market.

Fortunately, Wall Street's brightest minds have already done this for us. Every year, analyst issue approximately 15,000 distinct recommendations for technology companies. Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firm are giving "strong buy" and "buy" ratings to the same tech stock.

This slide show lists the 15 technology companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

#1 - Delivery Hero (OTCMKTS:DLVHF)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Delivery Hero logoDelivery Hero SE provides online food ordering and delivery services. It operates in 40 countries in Europe, the Middle East, North Africa, Asia, and the Americas. The company was founded in 2011 and is headquartered in Berlin, Germany.


#2 - Real Matters (OTCMKTS:DCBOF)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $43.00 (32.8% Upside)

Real Matters logoDocebo Inc provides a cloud-based SaaS learning platform to train external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly. Read More 

#3 - Monolithic Power Systems (NASDAQ:MPWR)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 9 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $265.56 (2.3% Upside)

Monolithic Power Systems logoMonolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment. Read More 

#4 - The Descartes Systems Group (OTCMKTS:KXSCF)

Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 6 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $212.43 (57.4% Upside)

The Descartes Systems Group logoKinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process. Read More 

#5 - Synopsys (NASDAQ:SNPS)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 13 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $211.15 (4.8% Upside)

Synopsys logoSynopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. Read More 

#6 - Microsoft (NASDAQ:MSFT)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 32 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $217.45 (7.0% Upside)

Microsoft logoMicrosoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises. Read More 

#7 - salesforce.com (NYSE:CRM)

Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 35 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $241.59 (1.7% Upside)

salesforce.com logosalesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. Read More 

#8 - 10x Genomics (NYSE:TXG)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 8 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $107.63 (-11.3% Upside)

10x Genomics logo10x Genomics, Inc, a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems. It offers chromium instruments, enzymes, reagents, microfluidic chips, and other consumable products, as well as software for analyzing biological systems. Read More 

#9 - Sitime (NASDAQ:SITM)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $64.67 (-15.5% Upside)

Sitime logoThere is no company description available for SiTime Corp.

#10 - NVIDIA (NASDAQ:NVDA)

Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 30 Buy Ratings, 5 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $512.17 (3.7% Upside)

NVIDIA logoNVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. Read More 

#11 - Uber Technologies (NYSE:UBER)

Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 34 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $41.97 (25.9% Upside)

Uber Technologies logoUber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name. Read More 

#12 - OneConnect Financial Technology (OTCMKTS:TMVWY)

Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

OneConnect Financial Technology logoTeamViewer AG, together with its subsidiaries, develops and distributes remote connectivity solutions worldwide. The company's products include TeamViewer that helps to remotely connect to desktop computers, mobile devices, and Internet of Things (IoT) devices from anywhere at any time; TeamViewer Tensor, a cloud-based enterprise connectivity platform, which enables large-scale IT management framework deployments; TeamViewer Pilot that enhances remote support with augmented reality; and TeamViewer IoT, which enables to instantly connect, monitor, and operate machines and devices securely from anywhere. Read More 

#13 - Keysight Technologies (NYSE:KEYS)

Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 11 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $125.64 (30.1% Upside)

Keysight Technologies logoKeysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions. Read More 

#14 - United States Cellular (NYSE:USM)

Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $44.40 (49.9% Upside)

United States Cellular logoUnited States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications. Read More 

#15 - Synchronoss Technologies (NASDAQ:SNCR)

Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $9.13 (195.3% Upside)

Synchronoss Technologies logoSynchronoss Technologies, Inc provides cloud, digital, messaging, and Internet of things platforms, products, and solutions worldwide. Its products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices. Read More 

 

Top Fifteen Highest-Rated Dividend Companies

MarketBeat tracks approximately 175,000 ratings each year and tracks more than 15,000 securities around the globe that pay dividends each month or quarter.

This slide show lists the 15 dividend-paying companies (having yields above 25%) that also have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

View the "Top Fifteen Highest-Rated Dividend Companies" Here.






Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.