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 –
SolarEdge Technologies, Inc. – SYM: SEDG
Recent Price: $169.25
Price Target: $310.06
Firms with Buy Rating: Wells Fargo, Citi, J.P. Morgan
Description: SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates in Solar and All Other segments. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel.
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Top 5 Tech Stocks That Should be in Your Portfolio Now
The electric vehicle boom is accelerating – and fast. Governments all over the world are pushing for a greener future. Even better, global spending on electric vehicles is surging.
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.
Click here for your free report “Top 5 EV Stocks to Buy for 2023”
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ZoomInfo Technologies Inc. – SYM: ZI
Recent Price: $18.22
Price Target: $27.00
Firms with Buy Rating: Morgan Stanley, Wells Fargo, Piper Sandler
Description: ZoomInfo Technologies Inc., through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle. It serves enterprises, mid-market companies, and down to small businesses that operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, retail, media and internet, transportation, education, hospitality, and real estate. ZoomInfo Technologies Inc. was founded in 2007 and is headquartered in Vancouver, Washington.
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Tesla’s EV Chargers Now Paying BIG Dividends
Tesla’s unique charging technology is becoming the national standard for EV charging stations. We’re talking about multibillion-dollar industry titans such as Volvo, General Motors, Ford, and Rivian that are adopting Tesla’s charging tech.
Tesla’s market value has already jumped $40 billion in the past few weeks alone on the heels of these firms’ announcements.
And while Tesla is undoubtedly benefiting from all this…There’s an even BIGGER beneficiary of Tesla’s rapidly growing supercharger network…
Get all the details right here.
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Block, Inc. – SYM: SQ
Recent Price: $56.93
Price Target: $86.38
Firms with Buy Rating: J.P. Morgan, Needham, Barclays
Description: Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. The company provides hardware products, including Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Reader for contactless and chip that accepts EMV chip cards and NFC payments, enabling acceptance through Apple Pay, Google Pay, and other mobile wallets; and Square Reader for magstripe, which enables swiped transactions of magnetic-stripe cards by connecting with an iOS or Android smartphone or tablet through the headphone jack or Lightning connector. It also offers various commerce products, including Square for Restaurants; Square Appointments; Square for Retail; Square Point of Sale; Square Online; Square Online Checkout; Square Invoices; Square Virtual Terminal; Risk Manager; Order Manager; Payment application programming interfaces (APIs); and Commerce APIs. In addition, the company provides Cash App, an ecosystem of financial products and services that enables customers to store, send, receive, spend, or invest their money. It serves in the United States, Canada, Japan, Australia, New Zealand, the United Kingdom, Ireland, France, and Spain. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in San Francisco, California.
