Shares of new-age technology companies have made huge losses for tech investors and are now up to 60% below their issue price. When a recession hits, the stocks that investors pick up need great long-term potential, as well as a recession-proof business model. Just because the economy is in the tank doesn't mean an individual company can't succeed. You do know that technology stocks are ruling the stock market over the past decade. A massive sell-off in the tech sector has made many strong businesses much more affordable. This article features the top five growth technology stocks to buy and invest in on January 28, 2022.
Analytics Insight provides a list of the 5 best technology stocks, according to Yahoo Finance.
Current Price: US$80.34
Market Capital: US$25.849 billion
CloudFlare, Inc. operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combinations of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
Current Price: US$128.15
Market Capital: US$39.985 billion
Datadog, Inc. provides a monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers' technology stack.
Current Price: US$159.22
Market Capital: US$2.601Trillion
The company offers various services, such as Apple Arcade, a game subscription service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, subscription news, and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property.
Current Price: US$10.46
Market Capital: US$1.821 billion
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.
Current Price: US$156.46
Market Capital: US$14.62 billion
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omnichannel; and more.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.