Wedbush has published a list of the best technology stocks for 2023
Wedbush, one of the leading investment banks in the US, has published a list of the 13 best technology company stocks for 2023. Analysts note that these are companies with huge growth potential, strong financial performance, and innovative products.
The first four companies on the list – Apple, Amazon, Microsoft, and Tesla – are companies with large capitalization and have long established themselves in the market. Apple and Amazon have capitalizations of $2.55 trillion and $1.04 trillion respectively. Wedbush analysts forecast growth potential for these companies at 27% and 22.9% respectively. Microsoft and Tesla have capitalizations of $2.14 trillion and $573.5 billion respectively, and their growth potential is 8.85% and 22.9%.
The remaining companies on the Wedbush list are software developers and cybersecurity companies. Check Point Software Technologies, Crowdstrike Holdings, CyberArk Software, Palo Alto Networks, Tenable, Zscaler, Datadog, and MongoDB have market capitalizations ranging from $5.2 billion to $58.5 billion. Analysts forecast growth potential for these companies ranging from 8.2% to 54%.
One of the leaders on the list is Zscaler, a company that provides a cloud security platform. Its market capitalization is $15.3 billion, and growth potential is forecast at 41.9%. Another interesting company on the list is Datadog. This company specializes in monitoring and analyzing cloud applications. Its market capitalization is $21 billion, and growth potential is 54%.
In addition, the list includes several companies from the cybersecurity sector, such as Check Point Software Technologies, Crowdstrike Holdings, CyberArk Software, and Palo Alto Networks. These companies have growth potential ranging from 8.7% to 13.8%, which makes them attractive to investors, given the growing threat of cybercrime.
Overall, the stocks chosen by Wedbush represent a broad spectrum of technology companies with different products and services. They have strong financial performance, innovative products, and significant growth potential, which makes them attractive long-term investments.
Table of the 13 best technology company stocks for 2023 from Wedbush analysts:
| Company | Market Capitalization | Target Price | Growth Potential |
|---|---|---|---|
| Apple (AAPL) | $2.55 trillion | $205 | 27% |
| Amazon (AMZN) | $1.04 trillion | $125 | 22.9% |
| Microsoft (MSFT) | $2.14 trillion | $315 | 8.85% |
| Tesla (TSLA) | $573.5 billion | $225 | 22.9% |
| Check Point Software Technologies (CHKP) | $16.9 billion | $145 | 10.8% |
| Crowdstrike Holdings (CRWD) | $30 billion | $145 | 13.8% |
| CyberArk Software (CYBR) | $5.7 billion | $170 | 22.9% |
| Palo Alto Networks (PANW) | $58.5 billion | $210 | 8.7% |
| Tenable (TENB) | $5.2 billion | $51 | 12.2% |
| Zscaler (ZS) | $15.3 billion | $150 | 41.9% |
| Datadog (DDOG) | $21 billion | $101 | 54% |
| MongoDB (MDB) | $14.9 billion | $230 | 8.2% |
| Salesforce (CRM) | $192.2 billion | $220 | 14.5% |
