The tech industry has been one of the fastest-growing and most profitable sectors of the economy in recent years. With the increasing demand for technology products and services, investing in strong tech stocks can be a smart move for investors looking for long-term growth and stability.
Here are three “Strong Buy” tech stocks from Wall Street –
Uber Technologies, Inc. – SYM: UBER
Recent Price: $36.25
Price Target: $47.79
Firms with Buy Rating: Morgan Stanley, Piper Sandler, Citigroup
Description: Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight.
Enovix Corporation – SYM: ENVX
Recent Price: $11.01
Price Target: $32.75
Firms with Buy Rating: Piper Sandler, J.P. Morgan, Cantor Fitzgerald
Description: Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
Dell Technologies Inc. – SYM: DELL
Recent Price: $44.79
Price Target: $47.88
Firms with Buy Rating: Morgan Stanley, Goldman Sachs, Raymond James
Description: Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The ISG segment provides traditional and next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, and other electronics; and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The company is also involved in the provision of cybersecurity technology-driven security solutions to prevent security breaches, detect malicious activity, respond rapidly when a security breach occurs, and identify emerging threats; originating, collecting, and servicing customer financing arrangements; and infrastructure-as-a-service solutions, as well as in the resale of VMware products and services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.