Home Most Popular Tech Stocks 3 Top-Ranked Tech Stocks Crushing the Market to Buy in Q4

3 Top-Ranked Tech Stocks Crushing the Market to Buy in Q4

3 Top-Ranked Tech Stocks Crushing the Market to Buy in Q4

As Wall Street eagerly awaits the Fed’s update and Jay Powell’s speech, the market is also keeping a watchful eye on rising oil prices. However, the tech sector continues to thrive amidst these concerns, with technology’s influence on every aspect of our lives and the economy only growing stronger.

AppLovin (APP)

AppLovin plays a crucial role in the app ecosystem by providing app developers with tools to enhance marketing and revenue generation. With its machine-learning and AI-focused offerings, AppLovin is gaining momentum and improving customers’ return on investment (ROI), leading to increased growth and stability.

In terms of earnings, AppLovin exceeded expectations by a staggering 175% last quarter and raised its guidance. With a Zacks Rank #1 (Strong Buy), AppLovin’s earnings are expected to skyrocket in 2023 and 2024, while its revenue is projected to climb by nearly 10% this year and 13% next year.

Vertiv Holdings Co (VRT)

Vertiv specializes in critical digital infrastructure and continuity solutions, ensuring that data centers, communication networks, and industrial facilities operate smoothly. While Vertiv may not be in the limelight of the tech industry, its vital role and impressive financial performance make it a standout stock.

Vertiv recently posted excellent results and raised its outlook for 2024. With a Zacks Rank #1 (Strong Buy), the company is expected to see substantial revenue and earnings growth in the coming years. Despite its recent surge, Vertiv still trades at a discount compared to its industry peers.

ePlus Inc. (PLUS)

ePlus offers a wide range of technology solutions, including data centers, the cloud, networking, and security. Its comprehensive offerings, coupled with its financing unit, position ePlus as a top provider in the industry.

ePlus demonstrated consistent revenue growth in recent years and continues to exceed expectations. With a Zacks Rank #1 (Strong Buy), the company is projected to experience steady expansion and achieve solid financial results.

Overall, these three tech stocks present compelling investment opportunities in Q4 2023. AppLovin, Vertiv Holdings Co, and ePlus Inc. have shown impressive performance, offer growth potential, and enjoy positive market sentiment.

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.

Sources: Zacks Investment Research