6 Tech Stocks To Own In A High-Growth Market – Benzinga

6 Tech Stocks To Own In A High-Growth Market – Benzinga

Related

AMZNNetflix’s U.S. Opportunity Is Larger Than Initially ThoughtOppenheimer: Apple Still Worth $155, But ‘Major’ Sentiment Shift Is A RiskAlibaba Invests Billions In Electronics Retail Giant(Investor’s Business Daily)

Related

NFLXNetflix’s U.S. Opportunity Is Larger Than Initially ThoughtOppenheimer: Apple Still Worth $155, But ‘Major’ Sentiment Shift Is A RiskNetflix Price Target Hiked; Google, Twitter Are Buys(Investor’s Business Daily)

With names like Amazon.com Inc (NASDAQ: AMZN) and Netflix Inc (NASDAQ: NFLX) leading the S&P 500 surge in 2015, it’s clear that growth has been a key market driver this year.

The Technology Sector certainly has no shortage of high-growth names, and six Credit Suisse analysts each recently picked their top tech stocks to buy in six different subsectors.

Here’s a full list of the names they chose.

1. Internet: Facebook Inc (NASDAQ: FB)

Analyst Stephen Ju believes that Facebook will be able to drive revenue growth without “material lift in ad loads” and feels that Wall Street’s conservative estimates for Facebook “underestimate the long-term monetization potential of upcoming new products.”

2. Semiconductors: Analog Devices Inc (NASDAQ: ADI)

Analyst John Pitzer sees the potential for aggressive shareholder returns in coming years and believes that the company is well-positioned for “proliferation of force-touch applications across multiple Apple products.”

3. Semiconductor Equipment: Lam Research Corp (NASDAQ: LRCX)

Analyst Farhan Ahmad keeps it simple, explaining that growth in the saturable absorber mirror (SAM) market will continue to propel the stock higher in coming years.

4. Software: Autodesk Inc (NASDAQ: ADSK)

Analyst Phil Winslow believes that the market is currently underappreciating the company’s “meaningful long-term upside to revenue.”

5. SMID Cap Software: Synchronoss Technologies Inc (NASDAQ: SNCR)

Analyst Michael Nemeroff sees the company’s products as “increasingly important for wireless carriers to exert leverage against handset OEMs.”

6. Tech Hardware/Telecom Equipment: Hewlett-Packard Co (NYSE: HPQ)

Analyst Kulbinder Garcha predicts further operational stability at the company, which will likely continue to eliminate market uncertainty, elevate conservative consensus guidance and reduce the stock’s “steep undervaluation.”

Latest Ratings for AMZN

Date
Firm
Action
From
To
Jul 2015
Stifel Nicolaus
Upgrades
Hold
Buy
Jul 2015
Barclays
Upgrades
Equal-weight
Overweight
Jul 2015
Morgan Stanley
Maintains

Overweight

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Top Stories Analyst Ratings Tech Trading Ideas Best of Benzinga

View this article – 

6 Tech Stocks To Own In A High-Growth Market – Benzinga

Share this post

Comments (0)