10 Best Low Beta Tech Stocks to Buy According to Analysts

4. Amdocs Limited (NASDAQ:DOX)

Beta: 0.69

Potential Upside: 18%

Number of Hedge Fund Holders: 29

Amdocs Limited (NASDAQ:DOX) delivers software and services to communications, entertainment, and media companies globally. Utilizing advanced technologies such as cloud computing, microservices, DevSecOps, low-code/no-code, edge computing, AI, and GenAI, Amdocs enables clients to engage their customers efficiently and cost-effectively, launch new products and services, automate service and network operations, and monetize connectivity and content.

Following the company’s robust Q1 2025 earnings (FY ends in September), BofA analyst Tal Liani maintained a Buy rating on Amdocs Limited (NASDAQ:DOX) with a consistent price target of $100. According to the analyst, Amdocs has significantly enhanced its operating margin through the discontinuation of non-core businesses and improved operational efficiencies. Although the company has experienced slow growth due to spending constraints among service providers, its outlook remains positive. Cloud services, now comprising over 25% of total revenue, continue to grow at a double-digit rate. Moreover, the analyst highlights that major service providers and cable MSOs have significant projects in the pipeline, bolstering Amdocs Limited (NASDAQ:DOX)’s long-term growth prospects.