People are getting more and more inclined to using advanced technology as the world is turning into a technology hub. As a result, tech industries are flourishing with a rate of growth that is increasing day by day as new inventions are taking place every day. It is increasing the interest among the investors to invest in the stocks and benefit from it. The researchers are confident that the tech industry would be top of the market for the next 50 to more years. The following are the top tech stocks that can be bought today on 22nd July 2021.

Facebook

Current Price: US$346.23

Market Cap: $981.73B

In late June, a federal court dismissed antitrust charges against Facebook. The Federal Trade Commission (FTC) had claimed that Facebook was acting as a monopoly in social media. The FTC, if it had its way, would have tried to force Facebook to divest its other pivotal holdings, including WhatsApp and Instagram, to create a more competitive social media landscape. However, the federal court said the FTC failed to prove that Facebook was a monopoly. The Facebook stock popped on the news and topped a $1 trillion valuation for the first time. Arguably, however, the stock should be up a lot more. Shares are still trading for just 23 times forward earnings while analysts forecast nearly 20% annual revenue growth in 2022 and 2023. Now, with the threat of government intervention gone, Facebook is even more compelling.

Alphabet

Current Price: US$2652.01

Market Cap: $1.743T

Google's search business has a massive market share in online advertising. And the search business is hooked into its operating system and applications such as Gmail to extend its reach. Google's other ventures, such as self-driving car subsidiary Waymo, could extend Google's domain into next-generation technology as well. In announcing a lawsuit against Alphabet last year, Texas' attorney general said that "if the free market were a baseball game, Google positioned itself as the pitcher, the batter and the umpire." Now, however, with Facebook clear of antitrust concerns, it sets a precedent for Google to avoid a major regulatory punishment as well. Alphabet stock isn't as cheap as Facebook, but at 26 times forward earnings and approximately 15% projected annual revenue growth, it has earned its spot as one of the best tech stocks to buy now.

Blackbaud

Current Price: US$71.73

Market Cap: $3.502B

Blackbaud is a software company focused on charitable organizations and K-12 schools. Its primary business is in providing software for charities to receive payments and manage their relationships with donors. The company estimates that 25% of charitable giving in 2020 occurred via Blackbaud's platform. Charitable giving was disrupted in 2020 due to the pandemic, though some organizations saw an uptick in activity as people donated in the wake of the twin tragedies of the economic recession and health crisis. Still, 2020 wasn't a great year for Blackbaud. More broadly, Blackbaud has been in transition from on-premise software to a subscription cloud offering. Such transitions in tech stocks are often met with stock price weakness as investors grapple with less upfront revenue from the subscription model. That creates an opportunity now, however, to buy a leading niche software player at less than 26 times forward earnings with a reopening tailwind as charities can start having in-person events once again.

Cloudflare Inc

Current Price: US$103.74

Market Cap: $32.2 B

Cloudflare is a global cloud services provider. Its platform delivers a range of network services that enhance the security and performance of its customers' websites and critical business applications. Roughly 25 million Internet properties utilize Cloudflare's services, and the company serves about 25 million HTTP requests per second.

Jack Henry and Associates

Current Price: US$173.13

Market Cap: $12.861B

Jack Henry is a leading payment processing and information technology company; its main clients are banks and credit unions. The company has an extremely stable business that barely missed a beat even during the financial crisis. Since then, Jack Henry stock has gone up more than 500% thanks to steady growth in the overall demand for payments and financial services. That said, Jack Henry's stock has gone flat as investors fret over the health of the banking and financial system in the COVID-19 era. More recently, it has become apparent that credit-quality concerns didn't end up causing much material harm to banks. As the economy is picking up in 2021, the banks are roaring back; financials have been one of the top-performing sectors this year. With that risk now off the table, Jack Henry is primed to follow suit and blast off to new all-time highs. In addition, the company earns a significant chunk of high-margin business from mergers and acquisitions (M&A) activity in the banking sector. With bank stocks soaring, M&A is on the rise, and this should directly boost Jack Henry's earnings.