![]() Stifel also initiated its coverage on the stock with a ‘Buy’ rating in July. The firm believes that the company reflects growth prospects and is expected to expand in adjoining markets. (NYSE: YOU) with an ‘Overweight’ rating and a $52 price target. JPMorgan initiated its coverage on Clear Secure, Inc. (NYSE: YOU) generated over $230.7 million in revenue, up from$192.2 million in 2019. The company’s software offers security applications for airports and other venues. (NYSE: YOU) is a technology company that specializes in secure identity platform that links individuals' personal information with biometric data. (NASDAQ: BASE) is one of the best new tech stocks to buy now. (NASDAQ: BASE) generated $3.39 million in revenue, up 26.7% from the prior-year quarter. The consolidated revenue stood at $103.3 million. The company’s Annual Recurring Revenue, or ARR, is growing at a CAGR of 26%, reaching $110 million in FY21. (NASDAQ: BASE) had a solid IPO, raising over $200 million. (NASDAQ: BASE), which also includes over 30% of the Fortune 100 companies. Many of the world’s largest companies are the customers of Couchbase, Inc. (NASDAQ: BASE) is an American software company that deals in the high-performing modern databases used for interactive applications. of Hedge Funds Having Stakes in the Company: N/AĬouchbase, Inc. As these companies went public recently, you will notice that many of them have no hedge funds having stakes in them, as of the end of the first quarter of 2021, based on our data of 866 hedge funds. By "new tech stocks" we mean the tech companies that went public recently. We took into account tech companies that went public in 2021, analysts’ ratings, long-term growth potential, and fundamentals while choosing these stocks. Our Methodology Let's analyze our list of the 15 best new tech stocks to buy now. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. Our stock picks outperformed the market by more than 124 percentage points ( see the details here). Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Investing is becoming difficult by the day, even for the smart money. (NYSE: PATH) went public on April 22 in one of the biggest US software IPOs, raising $1.3 billion. (NYSE: CPNG) managed to raise $4.6 billion in its IPO. (NYSE: CPNG) launched one of the biggest IPOs so far with a $60 billion valuation. South Korea-based e-commerce company Coupang, Inc. (NASDAQ: COIN) managed to earn the largest valuation in 2021 so far with $86 billion following its direct listing. The crypto trading platform, Coinbase Global, Inc. Some of the tech companies that went public recently include Confluent, Inc. ![]() The technology sector accounts for 46.9% of the Renaissance IPO Index. The Renaissance IPO Index, a stock market index that consists of U.S.-listed newly public companies, has soared by 38.6% in the past year. The trend seems to continue in 2021 as many companies have already gone public through IPOs, SPACs, or direct listing in the first half of the year. (NYSE: PLTR) was also one of the high-profile companies that went public in 2020. Colorado-based software company Palantir Technologies Inc. In 2020, several tech companies went public, including big names like Airbnb, Inc. Moreover, FactSet published a report which suggested that technology companies raised $34.3 billion in 15 IPOs in 2020. In the past year, NASDAQ-100 Technology Sector gained 42.2%. The remote working policy by many major companies allowed the tech stocks to soar and reach new heights. Though 2020 was a year of uncertainties for most sectors due to the pandemic, investors turned bullish on the tech stocks due to the industry’s ability to adjust according to the new normal. According to the financial data company, 494 IPOs were recorded in 2020, raising $174 billion. ![]() According to a report by FactSet, the volume of IPOs doubled in 2020, presenting a 150% increase from 2019 levels. ![]() You can skip our detailed analysis of the new tech stocks, and go directly to the 5 Best New Tech Stocks to Buy Now.įinancial markets are seeing a flurry of tech IPOs lately. In this article, we will take a look at the 15 best new tech stocks to buy now. ![]()
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