Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Analysts are Upgrading These 9 Tech Stocks

In this article, we will take a look at the 9 tech stocks recently upgraded by analysts. If you want to see more such stocks on the list, go directly to Analysts are Upgrading These 5 Tech Stocks.

It was a mixed Friday on Wall Street, with S&P 500 and Nasdaq Composite closing lower and Dow Jones Industrial Average ending up in green. The tech-heavy Nasdaq was partly brought down by Apple Inc. (NASDAQ:AAPL), which fell nearly two percent today.

Apple Inc. (NASDAQ:AAPL) shares moved down this morning after multiple news agencies reported a drop in iPhone shipments due to production delays in a Foxconn facility in China. While renewed Covid-19 restrictions in China have weighed on the global tech sector, analysts continue to improve their ratings for tech stocks. NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Applied Materials, Inc. (NASDAQ:AMAT), were among the notable tech stocks that were recently upgraded by analysts.

Summit Insights upgraded NVIDIA Corporation (NASDAQ:NVDA) as the research firm thinks the stock offers a favorable risk reward. On the other hand, Baird improved its ratings for Advanced Micro Devices, Inc. (NASDAQ:AMD), citing confidence in its new line of CPUs. Check out the complete article to see the details of these upgrades.

Portogas D Ace/Shutterstock.com

9. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 17

SAP SE (NYSE:SAP) is a leading software company based in Germany. It is best known for its enterprise resource planning (ERP) software that helps clients efficiently manage business operations and customer relations.

The German company recently received an upgrade from Barclays. The research firm improved its ratings for SAP SE (NYSE:SAP) from “Equal-Weight” to “Overweight” on Monday, November 21.

Barclays analyst Raimo Lenschow believes that shifting to the cloud or subscription-based models would likely benefit European software stocks, including SAP SE (NYSE:SAP).

Meanwhile, SAP SE (NYSE:SAP) continues to do well in cloud space. Its cloud revenue jumped 38 percent in the third quarter. During the Q3 earnings call last month, the company’s senior leadership expressed optimism about SAP’s future cloud growth.

8. Altair Engineering Inc. (NASDAQ:ALTR)

Number of Hedge Fund Holders: 19

Needham issued a “Buy” rating for Altair Engineering Inc. (NASDAQ:ALTR) last week. Analyst Charles Shi thinks the software company will show resilience in a recessionary macro environment, helped by its core simulation business.

Shi expects a compound annual growth rate (CAGR) of 10 percent and an EBITDA margin expansion of 20 percent for Altair Engineering Inc. (NASDAQ:ALTR). He has a price target of $60 per share for the stock, compared to its current trading price of around $47.

Like Altair Engineering Inc. (NASDAQ:ALTR), analysts also updated their recommendations for NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Applied Materials, Inc. (NASDAQ:AMAT).

7. Shoals Technologies Group, Inc. (NASDAQ:SHLS)

Number of Hedge Fund Holders: 21

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is engaged in providing electrical balance of system solutions for EV charging, energy storage and solar. Its share price recently climbed to a new 52-week high following its impressive financial performance for the third quarter.

In response to solid results, Northland analyst Donovan Schafer raised his ratings for Shoals Technologies Group, Inc. (NASDAQ:SHLS) from “Market Perform” to “Outperform” last week.

Shoals Technologies Group, Inc. (NASDAQ:SHLS) reported adjusted earnings of 10 cents per share, compared to 7 cents per share in the same period of 2021. Revenue for the quarter soared 52 percent on a year-over-year basis to $90.8 million. The results easily surpassed analysts’ average estimate of 8 cents per share for earnings and $83.07 million for revenue.

While Shoals Technologies Group, Inc. (NASDAQ:SHLS) is still in its early growth stages, it is doing well by inking deals with new clients, designing new products and growing its footprint in the overseas market. Even though most stocks struggled to gain value this year, Shoals shares have jumped nearly 30 percent on a year-to-date basis.

6. Sensata Technologies Holding plc (NYSE:ST)

Number of Hedge Fund Holders: 31

Jefferies upgraded Sensata Technologies Holding plc (NYSE:ST) from “Hold” to “Buy” on Tuesday, November 22. Analyst David Kelley pointed towards the company’s heavy spending across its megatrend growth areas.

Moving forward, Kelley sees Sensata Technologies Holding plc (NYSE:ST) accelerating its margin expansion. He also lifted his price target for Sensata stock from $43 per share to $54 per share.

Last month, Sensata Technologies Holding plc (NYSE:ST) delivered mixed financial results for the third quarter. The industrial technology company reported adjusted earnings of 85 cents per share, down 2.3 percent on a year-over-year basis. Revenue came in at $1.018 billion, up from $951 million in the corresponding period of 2021. Analysts were looking for earnings of 85 cents per share on revenue of $1.01 billion.

Click to continue reading and see Analysts are Upgrading These 5 Tech Stocks.

Suggested articles:

Disclosure: None. Analysts are Upgrading These 9 Tech Stocks is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

China’s terrifying internet “Master Key”… and the one microcap that could stop them

In August 2024, news outlets around the world revealed one of the most shocking data breaches in recent history.

Approximately 2.9 billion records, including names, email addresses, phone numbers, mailing addresses, financial data and, distressingly, Social Security numbers, were stolen when Coral Springs, Florida, firm National Public Data (NPD) suffered a massive cyberattack. The company confirmed that the breach, which happened in December 2023, resulted in the potential leaks of data in the summer of 2024.

Nearly every day in the news, we hear about yet another damaging data breach or ransomware attack that puts valuable data — including yours — into the hands of hackers. And the number of attacks is soaring — up 30% year over year according to the latest numbers.

As bad as this is, it’s a day at the beach compared to what’s coming.

That’s because hostile nations across the globe — including Iran, North Korea, Russia and Communist China are going all-out to develop a breakthrough technology that will unlock what I call the “Master Key” to the Internet.

If they succeed in harnessing this groundbreaking “Master Key” technology, the consequences could be catastrophic.

Click to continue reading…