Zacks Names Five Technology Laggards to Buy Despite Sector's 33.2% Surge

Industry
โดย Zacks Investment Research·Read original
Summary · why it matters

Zacks Investment Research has identified five technology stocks that have posted double-digit negative returns this year even as the Information Technology Select Sector SPDR, one of the 11 broad-sectors of the S&P 500 Index, is the best-performing sector with a return of 33.2% year to date. The five stocks, each carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy), are Palantir Technologies, Atlassian, Toast, Unity Software, and Roper Technologies. Palantir is expected to grow revenue and earnings by 71.8% and 98.7% respectively for the current year, while Atlassian's next-year estimates have been revised upward by 13.3% over the last 60 days. Toast and Unity Software also show strong growth projections, and Roper Technologies benefits from strength across its application and network software segments.

Impact on stocks 5

Cloud & Digital Infrastructure · 3 stocks
Roper Technologies Inc
ROP
▲ PositiveCapitalDemandrelevance

Zacks identifies Roper as a Buy, citing strength across its application and network software segments.

Atlassian Corp Plc
TEAM
▲ PositiveCapitalrelevance

Zacks identifies Atlassian as a Strong Buy with upward estimate revisions.

Toast Inc
TOST
▲ PositiveCapitalrelevance

Zacks identifies Toast as a Buy with strong growth projections.

Defense & Geopolitical Fragmentation · 1 stocks
Spatial Computing / AR/VR · 1 stocks
Unity Software Inc
U
▲ PositiveCapitalrelevance

Zacks identifies Unity as a Buy with strong growth projections.