Looking for High-Growth Tech Stocks to Buy? My Top 3 Picks

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Looking for High-Growth Tech Stocks to Buy? My Top 3 Picks

InvestorPlace2023-11-07

Investors after high-growth need look no further than the following tech stocks. Datadog Incorporated (DDOG): It excels in cloud infrastructure through a SaaS-based analytics platform. Tesla ...

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Thewatermist
·2023-11-07
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My Top 3 Picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-07 07:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/looking-for-high-growth-tech-stocks-to-buy-my-top-3-picks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors after high-growth need look no further than the following tech stocks.\nDatadog Incorporated (DDOG): It excels in cloud infrastructure through a SaaS-based analytics platform.\nTesla ...</p>\n\n<a href=\"https://investorplace.com/2023/11/looking-for-high-growth-tech-stocks-to-buy-my-top-3-picks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1435385759.SGD","symbol_name":"Natixis Loomis Sayles US Growth Equity RA SGD-H","start_time":0,"source_url":"https://investorplace.com/2023/11/looking-for-high-growth-tech-stocks-to-buy-my-top-3-picks/","article_id":"2381942487","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2381942487","pubTimestamp":1699314896,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These high-growth tech stock picks are sure to provide stable, hefty returns in the long term for any investor.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4534":"瑞士信贷持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4555":"新能源车","TSLA":"特斯拉","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4535":"淡马锡持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4527":"明星科技股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4097":"系统软件","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4511":"特斯拉概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4548":"巴美列捷福持仓","DDOG":"Datadog","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","PANW":"Palo Alto Networks","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"translate_title":"寻找高增长科技股购买？我最喜欢的三个","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PANW":1,"DDOG":1,"TSLL":0.78,"TSLA":0.6},"content_text":"Investors after high-growth need look no further than the following tech stocks.\nDatadog Incorporated (DDOG): It excels in cloud infrastructure through a SaaS-based analytics platform.\nTesla Incorporated (TSLA): GigaPress-Diecast Manufacturing factories automate processes of car development.\nPalo Alto Networks (PANW): The company has a unique approach to the rapidly growing field of cybersecurity.\n\n\n\n\n\n \n\nSource: Golden Dayz / Shutterstock.com\n\n\n\nDespite the labor market’s resilience and its support for consumer spending, the Federal Reserve is anticipating a slowdown to help manage inflation. Even though the economy remains robust, it is displaying cooling signs in job growth and wage increases. Given the current economic landscape, it’s wise for investors to consider investments in these high-growth technology stocks that will deliver strong returns, even in a sluggish market.\nDatadog Incorporated (DDOG)\nSource: Karol Ciesluk / Shutterstock.com\nDatadog Incorporated (NASDAQ:DDOG) is a Software as a Service (SaaS) analytics platform. It provides businesses with cloud infrastructure, data tracking, and database monitoring. \nImpressively, DDOG is up 13.80% year to date (YTD) at $82.04 per share. WSJ analysts give DDOG 19 buy ratings. They forecast a median price target of $104.50, with a low to high price of $70.00 to $133.00. \nThe SaaS market is forecasted to grow at a CAGR of 18.7%, from $273.55 billion in 2023 to $908.21 billion in 2030. In short, the SaaS system is reliable. Thus, the rise in public and hybrid cloud solutions in enterprises is a driving factor in this market. \nDatadog reported solid Q2 financials, with a $509.5 million resembling a 25% year over year (YOY) revenue increase. Also, the company shows a surge of 50% YOY in EPS to $0.36 and a healthy free cash flow of $141.7 million. Additionally, the company projects revenue of $2.05 billion to $2.06 billion for 2023. They also anticipate a Non-GAAP operating income between $390 million to $400 million.\nDatadog has introduced a new Large Language Model (LLM) solution that allows businesses to monitor their LLM stacks with LLM-based applications. And, the company brought in its own AI-based assistant, Bits AI. It learns adaptively from customers’ observability data and effectively helps engineers resolve application issues in real-time. Datadog’s AI model is poised to demonstrate effective usage by customers with supplement integrations with OpenAI models and Microsoft Azure.  \nTesla Incorporated (TSLA)\nSource: Roschetzky Photography / Shutterstock.com\nTesla Incorporated (NASDAQ:TSLA) is a world-leading automotive and clean-energy company. \nTipranks has 33 analysts predicting a 1-year price range on TSLA to be between $85.00 and $380.00, with a mean of $252.61.\nThe EV industry is expected to reach a valuation of $1.09 trillion by 2030, growing at a 13.9% CAGR. This bodes well for the company’s EVs. It includes global expansion of to regions including Pacific-Asia, South America, the Middle East, and Africa. Additionally, government subsidization encourages EV usage. Consequently, disposable incomes from the GDP growth of these countries increase as well.\nTSLA boasts strong financials. The company reports $23.35 billion in revenue for Q3 2023, which has been growing at a staggering 8.8% 1-year CAGR. Tesla demonstrates its profitability through an 11.1% EBITDA margin, well above the sector median. Also, management has improved its ability to leverage debt and internally fundraise over the past year through total assets. These grew 26.2% and cash from financing grew 417.8% YOY. \nTesla shows tremendous growth potential through innovations in its manufacturing process and new product deliveries on the horizon. Tesla has further developed its GigaPress-Diecast Manufacturing process. It creates the underbody of a Tesla car with a single diecast piece. In contrast, it can take competitors up to 400 separate die casts. This innovation will streamline the manufacturing process while reducing expenditures significantly. \nTesla is a trillion-dollar potential that investors shouldn’t pass up. \nPalo Alto Networks (PANW)\nSource: Sundry Photography / Shutterstock.com\nPalo Alto Networks (NYSE:PANW) is a cybersecurity company that uses an application-centric approach along with AI to create innovative and cutting-edge products. \nPANW stock is up 75.88% YTD and is currently priced at $243.53. Yahoo! Finance reports 39 analysts having a mean 12-month price target of $279.77, with the range spanning from a low of $190 to a high of $340. The global cybersecurity was valued at 202.72 billion in 2022. Further, it is forecast to grow at a CAGR of 12.7% to $527.58 by 2030. \nPANW’s main current catalyst is the recent proliferation in AI. As a cutting-edge cybersecurity firm, they embrace AI to use in “anomaly detection, risk prioritization, and beyond”. Moreover, it uses application-centric infrastructure, monitoring potential threats from within applications. As a result, advancements in data analysis techniques, like machine learning, can offer invaluable benefits.\nFinally, Palo Alto Networks shows significant potential to lower costs and expand profits in an industry with huge growth potential. PANW emerges as a worthwhile purchase for growth-oriented investors. \nOn the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nMichael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.Automotive, Cloud, Consumer Discretionary, Cybersecurity, Electric Vehicles, TechnologyGrowth Stocks \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/11/looking-for-high-growth-tech-stocks-to-buy-my-top-3-picks/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":238744557945128,"gmtCreate":1699316725631,"gmtModify":1699316730064,"author":{"id":"3580429232847177","authorId":"3580429232847177","name":"Thewatermist","avatar":"https://community-static.tradeup.com/news/41966d801822af4c9371bd3380dd84a5","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3580429232847177","authorIdStr":"3580429232847177"},"htmlText":"[Happy]&nbsp;&nbsp;[Happy]&nbsp;&nbsp;","listText":"[Happy]&nbsp;&nbsp;[Happy]&nbsp;&nbsp;","text":"[Happy] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238744557945128","repostId":2381942487,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}