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For many tech stocks, though, it turns out that their business models have set them up for continued success, and Wall Street analysts would agree. Analysts meet with management and other stakeholders to help determine a company’s future value based on its financials and growth potential. They use this information to generate earnings estimates and target prices that help them form their overall ratings.
We can find attractive technology stocks if we combine analyst ratings with our proprietary POWR Ratings. This is why investors should consider stocks such as Apple Inc. (AAPL), Qualcomm Inc. (QCOM), and Cadence Design Systems, Inc. (CDNS). All three stocks are loved by analysts, have strong growth drivers, and rate highly in our POWR Ratings system.
