When it comes to publicly traded companies on Wall Street, there are all kinds of niches out there. Perhaps one of the most dynamic types of stock available on the market today would be these technology stocks. They not only have plenty of good ideas, but they normally don’t require a massive storefront or an extremely large amount of floor space. It can be very easy to find a good winner on your hands, but like everything else in life you still need to do your homework. Thus, here are some tech stocks that are poised to have a big year in 2021:
Yes, even though Facebook has been around for over a decade now, it is still a buy. There are several reasons for this current development, including the fact that there was a 22 percent year-on-year growth in their advertising revenue in the third quarter. The advertising demand continues to be very strong, so Facebook executives expect that they will continue to have strong growth during the fourth quarter. Of course, one of the things that could weigh on the stock price of Facebook would be an antitrust lawsuit based on the company’s acquisition of other social networking platforms such as Instagram and WhatsApp in 2012 and 2014, respectively. However, Facebook believes they will prevail in the FTC suit simply because the FTC let the acquisition go through at the time they were purchased. Furthermore, out of 43 stock analysts, 38 expect Facebook’s price to rise, 4 recommend that you simply hold the stock, and one analyst feels that the price will go down.
About the only way to answer the question of whether Google is a buy in 2021 is to say “yes and no.” Yes, Google is a buy because it is a massive business that will continue to grow. However, much like many other businesses during 2020, Google had a difficult year due to COVID. They too have an antitrust lawsuit against them as well. According to Money Morning, “Google is in serious trouble. The company’s already been sued by the European Commission (EC) for everything U.S. regulators and states are going after it for; it lost on every front in Europe” However, there is reason for hope and there are several facts that would make this a buy.
First of all, there are many experts that believe that Google will rebound from the COVID-related assault they encountered and come back better than ever. Secondly, another reason Google is one of the best tech stocks to buy right now is because they are heavily in many new start-ups such as a self-driving car company and a life-sciences firm.
Chances are that Zuora is a company that you have not heard of. However, this is a venture that has been plugged into a new and growing industry, that of subscription-based electronic services. It doesn’t matter whether it is a subscription to Microsoft Office Suite, Amazon Prime, or Netflix, there are plenty of options out there for software-as-a-service (SaaS) companies like Zuora. This company in particular already has software companies such as Zendesk, DocuSign, and Zoom Video Communications as their clients; they are definitely poised to continue growing.
These are just a few of the fantastic tech stocks that you as an investor can get in on today!