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3 Buy-Rated Information Technology Services Stocks to Buy for 2022 -Breaking


© Reuters. Top 3 Information Technology Services Stocks To Buy in 2022

The resurgence in COVID-19 cases means that the hybrid work-structure culture is gaining traction, and the demand for information technology services will increase. We believe it would be smart to buy shares in quality information technology stocks Accenture, International Business Machines (NYSE) and EPAM Systems(EPAM). Also, they each have a ‘Buy’ rating in our proprietary rating system. Keep reading. Nearly 25 states have adopted the COVID-19 micron variant. Organizations are moving back to hybrid environments. These changes are driving an increase in demand for information technology services. Investors’ interest in the information technology services sector is evident in the Vanguard Information Technology Index Fund ETF’ (VGT) 2.3% returns in the past month and 9.3% gains over the past three months.

Due to the growing demand for IT services from every industry, it is likely that they will continue to expand exponentially. Statista estimates that global IT spending will reach $4.2 trillion by 2021.

This backdrop makes it a good idea to invest in fundamentally solid information technology service stocks Accenture plc and International Business Machines Corporation. IBM ), and EPAM Systems, Inc. (EPAM). Each of them has an overall rating B (Buy), according to our POWR Ratings System.

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