The technology sector is constantly evolving, be it artificial intelligence (AI), cloud computing, semiconductor, cybersecurity, and others. 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 top analysts’ recommendations on technology companies before making a call.
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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.
Alight (ALIT) – Alight offers cloud-based human capital and technology-enabled services to global corporations. Its Alight Worklife platform enables employers to gain a deeper understanding of their workforce and provides personalized benefits management and data-driven insights. On Friday, Needham analyst Kyle Peterson maintained his Buy rating on ALIT stock and a $8 price target. Alight’s investor meetings highlighted the management’s strong commitment to enhancing relationships with clients and third-party evaluators and a strategic focus on strengthening the company’s market position. Over the last three months, all three Top Analysts covering the stock have rated it a Buy. Collectively, their 12-month average Alight price target implies an upside of about 57.4%.
Adeia (ADEA) – Adeia develops and licenses patented innovations, particularly in the areas of media and entertainment, semiconductors, and other technology domains. On June 20, Roth MKM analyst Scott Searle initiated coverage of ADEA stock with a buy rating and $26 price target, implying an impressive 89.2% upside potential from current levels. The analyst is encouraged by Adeia’s strong IP portfolio and growth prospects, supported by an 86% recurring revenue business model. In the last three months, all three Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month average Adeia price target implies an upside of nearly 48%.
QXO (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 Friday, five-star analyst Scott Schneeberger of Oppenheimer reiterated his Buy rating on QXO stock, with a price target of $27 (13.5% upside). The rating came on the heels of news that QXO’s larger rival, Home Depot (HD), had also initiated a takeover bid for GMS (GMS). In the last three months, all three Top Analysts covering the stock rated it a Buy. Taken together, their 12-month average QXO price target implies an upside of about 39%.
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.