With names like Amazon.com Inc AMZN and Netflix Inc 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 his or her top financial stock to buy in six different subsectors.
Here’s a full list of the names they chose.
1. Internet: Facebook Inc 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 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 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 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 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 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.”
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