5 Best Tech Stocks To Buy Right Now Under $10

1. Clarivate Plc (NYSE:CLVT)

Number of Hedge Fund Holders: 45

Share Price as of July 25: $9.55

In total, 45 hedge funds were long Clarivate Plc (NYSE:CLVT) in the first quarter. Their total stake value was $2.6 billion.

Oppenheimer analyst Owen Lau maintains an Outperform rating on Clarivate Plc (NYSE:CLVT) shares as of July 5, alongside a $12 price target.

Clarivate Plc (NYSE:CLVT) is an information, analytics, and workflow company based in London, United Kingdom. It offers subscription and tech-based solutions, among more.

Baron Funds made the following comment about Clarivate Plc (NYSE:CLVT) in its first-quarter 2023 investor letter:

“We added to our position in Clarivate Plc (NYSE:CLVT), a leading global information services provider that serves customers across academia and government, life sciences & health care, and intellectual property. Clarivate goes to market with a collection of well-known brands, including Web of Science, ProQuest One, Alma, Cortellis, Derwent, and CompuMark.

Clarivate has an attractive business model. The company’s foundation is its highly valuable proprietary data assets (#1 or #2 player in most markets) that are combined with analytical tools and insights to help users apply the underlying data to everyday business problems. As an important part of the end users’ daily workflow, Clarivate’s indispensable, mission-critical solutions create a sticky and predictable business model with high levels of recurring revenue (about 80% recurring revenue and over 90% renewal rates). Clarivate has strong operating leverage (“build it once, sell it many times”) and should be able to sustain adjusted EBITDA margins in the low to mid-40% range…” (Click here to read the full text)

See also 10 Tech Stocks Benefiting From The AI Boom and Top 20 Most Profitable Tech Companies in the World.