Stock Groups

2 Buy-Rated Tech Stocks Under $15 According to POWR Ratings -Breaking

by Mike Robinson

[ad_1]

© Reuters. 2 Tech Stocks to Buy Below $15, According To POWR Ratings

The growing adoption of cloud computing and artificial intelligence solutions for hybrid working, and businesses’ continuing digitization, are propelling the technology industry’s growth. We believe it would be smart to invest in low-priced technology stocks like LG Display (NYSE) or GoPro (GPRO), which have the potential to benefit from industry tailwinds. These stocks are rated ‘Buy’ in our proprietary rating system.Businesses have strengthened their hybrid working models by integrating cloud computing, artificial intelligence, and other advanced technologies. This, along with the expansion of data centers and business automation, is driving the technology industry’s growth. Also, the growing need for data and analytics capabilities and the 5G rollout should keep the industry’s products, services, and solutions in demand. Forrester reports that the U.S. will see a 7.4% increase in tech spending in 2021, and 6.7% in 2022.

Investors’ interest in the technology industry is evidenced by the iShares Global Tech ETF’s (IXN) 34.2% returns over the past year versus the SPDR S&P 500 ETF Trust’s (SPY) 30% gains.

We believe that tech stocks are fundamentally sound. LG Display Co ., Ltd., (LPL), and GoPro, Inc., (GPRO), could both be good bets right now. These stocks trade for less than $15, but have significant upside potential. They are rated ‘Buy’ in our proprietary rating system.

Continue reading on StockNews

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]