Tech’s heyday is far from over. So says billionaire venture capitalist Jim Breyer. He is betting his money on U.S. and Chinese technology companies for the next decade. “I do believe ten years from now, of the 20 largest market cap companies of the world, several of which are likely to be $2 trillion or more, 18 of the 20 will be Chinese and U.S. technology companies,” he told CNBC.
But which top tech stocks are Wall Street analysts the most bullish on? Stocks with no “hold” or “sell” ratings and a pure “strong buy” analyst consensus. These are the stocks that make the most compelling investing opportunities and are definitely worth keeping a close eye on.
Let’s take a closer look at these 4 tech picks here:
1. 2U Inc (Nasdaq:TWOU)
Shares in this online education platform are up over 65% in just 1 year. Five-star Oppenheimer Brian Nagel (Profile & Recommendations) doesn’t hold back when he says: “While 2U’s valuation currently reflects a meaningfully successful business trajectory… we believe TWOU should be a core long-term holding”.
The reason is clear: 2U Inc represents “the most-dominant and best-positioned vendor for the future within higher education.” When you think about it, TWO is perfectly positioned for the inevitable education shift towards digital learning and student sourcing.
The company has deep structural advantages and many prestigious universities as referenceable partners for competitive differentiation, adds Nagel. Note that this is one of the Top 10 analysts on TipRanks, out of over 4,800 analysts — so he knows a thing or two about stock picking.
Plus now is a savvy time to jump in. Following a fireside chat with management, this top analyst is expecting accelerated growth as the new program ramp-up starts over the next 12-24 months. He has a $91 price target on the stock.
The overall Street outlook is just as upbeat. This ‘Strong Buy’ stock has scored only buy ratings in the last three months. This is with a $100 average analyst price target (15% upside potential). See what other Top Analysts are saying about TWOU.
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