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 4 Tech Stocks With 100% Street Support

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.

Using TipRanks powerful stock screener, it’s easy to find stocks that command the unanimous support of the Street. You can customize the screener settings to match your investment strategy. In this case, we selected filters for midcap+ stocks with a “strong buy” consensus from analysts and best-performing analysts. These are the top analysts with the highest success rate and average return.

From the results, you can immediately see a pie chart showing the spread of analyst ratings on that stock over the past three months. This makes it easy to spot stocks with only “buy” ratings.

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.

2. Momo Inc (NASDAQ:MOMO)

Otherwise known as the ‘Tinder of China.’ Momo Inc. is a free social search and instant messaging mobile app that specializes in match-making, especially following the February acquisition for dating app Tantan for $735 million.

The Chinese stock is up a whopping 95% so far year-to-date. Shares soared following strong second-quarter results. The company beat on earnings and revenue estimates, while Q3 revenue guidance of $525- $540 million crushed the $516.6 million estimate. Plus, monthly active users surged almost 19% year-over-year (YoY) to 108 million.

“I’m proud that we are able to continue to drive steady growth of our community in both size and engagement in a very competitive market environment” stated MOMO CEO Yang Tan. He attributes this to 1) the enrichment of social features (think chat room karaoke and Quizizz quizzes) 2) optimizing the algorithm; and 3) improving content quality and diversity.

With three analyst Buy ratings to its name, these analysts are predicting over 25% upside from the current share price. That would take shares all the way to $60. Plus five-star Standpoint Research analyst Ronnie Moas (Profile & Recommendations) just upgraded the stock from Hold to Buy. See what other Top Analysts are saying about MOMO.

3. Mimecast Ltd (NASDAQ:MIME)

Email is at the intersection of a massive amount of risk. As the number one business application for communication, it’s also the number one attack opportunity for cyber criminals.

Through a single cloud-based service, MIME provides next-gen cyber resilience for emails- with Microsoft 365 its most prominent client. So far this strategy seems to be working. The company has just logged another strong quarter.

This came with several impressive customer wins (bringing total customers to ~31,300), and savvy expansion of its technical capabilities. Indeed, MIME snapped up both Solebit LABS, a provider of threat detection technology, for $88M and bought Ataata Inc, a Maryland-based provider of security awareness training in July.

“Mimecast should be able to deliver double-digit revenue growth rates over the next several years based on the strong demand for the company’s offerings and the rising importance of both email and security for enterprises” concludes five-star Oppenheimer analyst Shaul Eyal (Profile & Recommendations).

Tellingly, MIME has also scored 6 back-to-back Buy ratings from the Street. These analysts are looking for 15% upside potential from current levels. See what other Top Analysts are saying about MIME.

4. SS&C Technologies Holdings (NASDAQ:SSNC)

Analysts are also giving the thumbs up to SS&C, a leading cloud-based provider of financial services technology solutions.

The company recently revealed its next takeover target is Boston-based Eze Software. SS&C is primed to acquire Eze for a cool $1.45 billion from investment firm TPG Capital. The move will allow the company to bolster its software offerings, from serving banks to the investment industry. It’s an acquisition play that follows January’s buzz of buying DST Systems for $5.4 billion.

Needham’s Mayank Tandon (Profile & Recommendations) has just ramped up his SSNC price target from $60 to $68 (16% upside potential). He made the move following “upside” Q2 results and raised FY18 outlook, with “solid core trends and acquisition synergies from the DST deal coming in faster than planned”. As for the Eze acquisition, Tandon notes that management has a “strong track record of overachieving on acquisition synergies”.

Seven analysts have published recent SSNC buy ratings- and this is with a $64 average analyst price target. See what other Top Analysts are saying about SSNC.

Fresh Investing Ideas From Top Analyst Ratings

Looking for fresh investing inspiration? Look no further. TipRanks’ Top Recommended Stocks tool factors in ratings made by the best-performing analysts. Filter by market cap and sector to easily find stocks that fit your investing criteria. Go to TipRanks’ Top Analysts’ Stocks Tool Now<<

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Harriet Lefton
Harriet Lefton, originally from the UK, began her career as a journalist specialising in the niche world of metal markets. She graduated from the University of Cambridge before becoming a qualified UK lawyer. Now she has turned her attention to the world of financial blogging, covering US stocks, analysts and all manner of things finance-related.

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