Best Tech Stocks To Buy Today EXCLUSIVE

As always, these are just tech stocks worth keeping an eye on, and there are no guarantees that any of these stocks will go up in 2023. We recommend that you do your due diligence and to invest accordingly.

best tech stocks to buy today

Perhaps best known as the parent company of Google, Alphabet was created as part of a 2015 restructuring. Google, its crown jewel and also predecessor, was founded in 1998 in Menlo Park, Calif., as a project led by Sergey Brin and Larry Page at Stanford University. In the beginning, Google was a humble search engine, but today it and its parent company have grown to become online advertising and web services behemoths.

Growth companies boost returns. Buying tech stocks lets investors dial up the risk in their portfolios to increase their returns. While risk certainly cuts both ways, buying fast-growing tech names is a very effective way of boosting returns in a low interest rate environment.

The biggest gains may be over. The biggest tech companies have already experienced explosive growth, and the best time to invest in them may have passed. Investors may be able to achieve higher returns by investing in smaller firms, though that introduces the risk of determining how to pick the biggest winners.

These headwinds included a Fed intent on aggressively raising interest rates to bring down stubbornly high inflation. There was also a near shutdown of the initial public offering (IPO) market, as well as a spate of awful layoffs. All of this led to significant share-price declines across the technology sector, including for many of Wall Street's best tech stocks.

With this in mind, here are the nine of the best tech stocks to buy now. This list includes a number of equities that are highly beloved by Wall Street analysts, but also a few contrarian picks that the crowd might be underestimating.

But this looks like only the beginning for one of Wall Street's best tech stocks. On the earnings call, cofounder and CEO Matthew Prince said: "Even as we achieve $1 billion [in annualized revenue], we have penetrated less than 1% of our identified market for products we already have available today. That's why we're confident we're on the path to organically achieve $5 billion in annualized revenue over the next five years."

There are catalysts that can continue to boost growth for one of the Street's best tech stocks. Freelance work is more flexible and can be more cost-effective, which are both attractive in today's slowing economy. Upwork also has been getting traction with its enterprise business. In the third quarter, revenues for this segment shot up by 41% to $12.5 million.

True, as IT spending comes under pressure, the growth rate will fall. But there remain strong long-term drivers for the company's technology, which is why CFLT is one of the best tech stocks around. The goal for 2023 (opens in new tab) is to get to breakeven for the operating margin and grow its top line at a 30% annual rate.

In addition to being one of the best tech stocks to buy, Fortinet is also one of the best AI stocks to watch going forward. The company has continued to invest aggressively in cutting-edge technologies like artificial intelligence. This is the role of Fortinet FortiGuard Labs, whose systems analyze over 100 billion events daily for real-time threat intelligence. The AI technology will help to further bolster the company's powerful competitive advantages.

A major driver for the growth has been the expanding product line. This has been a lever for upselling current customers. In the third quarter, 80% of its customers used two or more products, up from 77% in Q3 2021. About 40% use four or more products, and 16% use six or more. This speaks volumes to the staying power of one of Wall Street's best tech stocks.

According to McDermott: "We have the end-to-end platform for digital transformation. That platform is applicable to each industry and every persona within the enterprise. And we are going to expand that across the world." And this is why NOW is on this list of the best tech stocks to buy.

Investments in the technology sector, traditionally seen as one of the most growth-oriented spaces in the market, have nosedived in recent months due to recession fears. Famous growth stocks like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB) have all seen their share prices decline by more than 20% this year so far. Investors wary of big tech but keen on recovery momentum should consider investing in new tech names that offer the same growth potential at much cheaper rates.

New technology stocks can be safely seen as firms that demonstrate rates of growth that outpace the market average. Like growth stocks, these firms offer investors the chance to invest in firms whose revenue or net income is expected to grow faster than the market average. However, investments in new tech stocks can be more volatile as compared to established stocks. Investors should keep in mind that pouring money in new tech increases chances of earning profits from rapid price appreciation. There are several new tech stocks that operate on different scales, such as highly promising small businesses to industry setups. Some of the key metrics that investors should look into for these firms include growing sales, revenues, and cash flows. These firms tend to have high valuations and their high prices, relative to profits, makes them more expensive. In 2022, there has been a mass exodus away from new tech towards value options in light of a macro slowdown that has pummeled the stock market.

Investors interested in value offerings should also keep in mind that past performance does not predict future performance and picking individual stocks can also be a risky business. Many investors buy index mutual funds and exchange-traded funds, which bundle hundreds or thousands of stocks into a single investment. Even though these carry lower levels of risk, it is not very often that they outperform the broader market. New tech stocks, on the other hand, are a riskier but more rewarding bet.

Unlike Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB), Ivanhoe Electric Inc. (NYSE:IE) is one of the best new tech stocks to buy now according to elite investors.

In contrast to Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB), Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is one of the best new tech stocks to buy now according to elite investors.

In this article, we discuss the 12 best tech stocks for long term investment. If you want to read about some more tech stocks for long term investment, go directly to 5 Best Tech Stocks For Long Term Investment.

In no era of human history have business and technology been so inextricably linked as they are in the present times. The significance of this can be gauged from a recent report that outlines the six trending industries in 2022. All of these overlap with the technology space. The industries include space tech, bio tech, neuro tech, robot tech, climate tech, and energy tech. These trends were witnessed despite a broad macro slowdown at the market which favored value stocks as investors reevaluate their risk profiles in light of recession fears.

Some of the top stocks in the tech sector for the long term include Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB). Analysts have urged leading technology providers to play a top role in helping enterprises use innovative technologies to slide through the current storms of disruption. The use of tech as a safe haven in times of recession, especially in the services sector, is also likely to rise in the coming years.

Just like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB), International Business Machines Corporation (NYSE:IBM) is one of the best tech stocks for long term investment.

Along with Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB), Salesforce, Inc. (NYSE:CRM) is one of the best tech stocks for long term investment.

But then there's the latest 'Goldilocks' CPI reading that shows consumer prices rose 6.5% over the last 12 months, one of the slowest inflation rates in a year. Core inflation increased to 5.7%, and while it would appear that the Fed may downshift rate hikes, the outlook hasn't changed meaningfully from what it was one week ago. Inflation is trending down in line with expectations, which is neither good news nor bad news for tech stocks. This reading may be 'just right,' giving the Fed a runway to downshift the rate of increase by an additional 25 basis points from the December 50-basis point hike in their upcoming meeting.

Seeking Alpha's Quant Ratings and Factor Grades System showcases stocks with shared traits of value, growth, profitability, rising earnings revisions, and momentum that are best equipped to withstand volatility. It is a data-driven process that relies on the statistical measurement of a stock's financial metrics and scoring how it compares to the sector. I have selected ten tech stocks that have performed well in 2022, possess excellent factor scores, and maintain bullish momentum. While past performance is no guarantee of future results, check out our top ten tech stocks for 2023.

Seven out of my top 10 stocks are semiconductors. Why? Because they are found in nearly every piece of technology used today. The semiconductor industry is on an uptick and has proven resilient when most of the tech sector was pummeled in 2022.

Because a crucial piece of investing involves diversification, especially amid market volatility, and when selecting growth or tech stocks in a rising rate environment, my picks are unique. Not all are the largest in their respective industries, offering something different for each investor. Let's dive into my first semiconductor stock and my #1 pick overall for 2023. 041b061a72