In 2025, Quantum computing has emerged as a major trend in the IT industry and is ready to revolutionize data processing and reshape technological landscapes, according to Fuelled Networks. The United Nations has even designated 2025 as the International Year of Quantum Science and Technology. One of the most critical implications for IT departments in 2025 is the impact of quantum computing on cryptography. Quantum computers have the theoretical potential to break widely used cryptographic algorithms, such as RSA 2048, in mere hours. This poses a severe cybersecurity risk. Consequently, quantum-resistant cryptography/PQC is a top priority for IT security experts. IT teams are actively auditing existing systems to identify vulnerabilities and prioritize high-risk areas like customer data and intellectual property for PQC implementation.
A key development democratizing access to quantum computing within the IT industry in 2025 is the expansion of cloud-based quantum services, or Quantum as a Service/QaaS. This model allows IT departments and developers to experiment with quantum computing without needing significant on-premises infrastructure investments. Major tech players are offering QaaS platforms and providing on-demand access to diverse quantum hardware from various vendors. Grand View Research reported that the global IT services market size was estimated at $1.50 trillion in 2024 and is projected to reach $2.59 trillion by 2030 at a CAGR of 9.4% from 2025 to 2030.
That being said, we’re here with a list of the best IT stocks to buy according to analysts.
A technician testing the mechanical locksets in a laboratory to ensure safety and reliability.
Methodology
We used the Finviz stock screener to compile a list of the top IT stocks with an upside potential of over 25% as of June 27. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q1 2025, which was sourced from Insider Monkey’s database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best IT Stocks to Buy According to Analysts
10. Concentrix Corporation (NASDAQ:CNXC)
Number of Hedge Fund Holders: 33
Average Upside Potential as of June 27: 26.67%
Concentrix Corporation (NASDAQ:CNXC) is one of the best IT stocks to buy according to analysts. On June 25, Concentrix announced that its iX Hello AI-powered application has been named “Intelligent Personal Assistant of the Year” in the 8th annual AI Breakthrough Awards program. This prestigious international award recognizes outstanding companies and solutions in the global AI market.
The iX Hello application enables organizations to create customizable and intuitive GenAI-powered virtual AI assistants. These are designed for seamless integration across various enterprise functions. The self-service tools provided by iX Hello empower customer-facing teams to deliver meaningful interactions at scale, and have a no-code setup that allows for immediate deployment.
Furthermore, iX Hello can be integrated with existing enterprise systems and supports hybrid cloud environments for secure and effortless deployment. The AI Breakthrough Awards program is dedicated to highlighting innovators and impactful technologies across different AI categories, like GenAI, Computer Vision, AIOps, Agentic AI, Robotics, and Natural Language Processing, among others.
Concentrix Corporation (NASDAQ:CNXC) designs, builds, and runs integrated customer experience/CX solutions worldwide.
9. Globant (NYSE:GLOB)
Number of Hedge Fund Holders: 31
Average Upside Potential as of June 27: 31.68%
Globant (NYSE:GLOB) is one of the best IT stocks to buy according to analysts. Earlier on June 5, Globant introduced AI Pods, which are a new model designed to disrupt traditional IT services with AI. This marks the first subscription model for AI-powered services such as engineering, product definition, design, and testing at scale, shifting from effort-based pricing to outcome-aligned consumption.
AI Pods offer clients monthly access to agentic AI capabilities, which are orchestrated and supervised by Globant experts to ensure strategic alignment, quality, and traceability. Each subscription includes a token-based metered capacity, similar to how LLMs often structure their usage, providing transparency and flexibility in consumption.
These AI Pods are powered by Globant Enterprise AI (GEAI), which is the company’s advanced AI accelerator platform. GEAI is AI-model agnostic, which means that it can use various top-performing LLMs and provides a full spectrum of agents for designing, building, deploying, and orchestrating bespoke agentic AI.
Globant (NYSE:GLOB) provides technology services and offers studio products comprising AI Studios Network, which is a network for AI adaptation for media & entertainment, finance, healthcare & life sciences, airlines, sports, automotive, games, hospitality & leisure, edtech, and retail industries.
8. Applied Digital Corporation (NASDAQ:APLD)
Number of Hedge Fund Holders: 26
Average Upside Potential as of June 27: 34.87%
Applied Digital Corporation (NASDAQ:APLD) is one of the best IT stocks to buy according to analysts. On June 11, Applied Digital announced an infrastructure partnership with ABB. This long-term collaboration was launched at Applied Digital’s greenfield 400 MW campus in North Dakota and aims to enhance the energy efficiency and power density of AI data centers.
The first orders under this partnership were booked in Q4 2024 and Q1 2025. Central to the partnership is the implementation of a new medium voltage power architecture utilizing ABB’s HiPerGuard Medium Voltage Static Uninterruptible Power Supply/UPS, which is a groundbreaking industry-first technology.
Unlike conventional data centers that use low-voltage power distribution, switching to medium voltage for the UPS system and power distribution allows data centers to scale more efficiently, expanding in 25 MW blocks. This approach also leads to simpler installations with fewer parts and cabling, higher reliability, lower conversion losses, and reduced heat generation.
Applied Digital Corporation (NASDAQ:APLD) designs, develops, and operates digital infrastructure solutions and cloud services for HPC and AI industries in North America.
7. The Hackett Group Inc. (NASDAQ:HCKT)
Number of Hedge Fund Holders: 18
Average Upside Potential as of June 27: 39.11%
The Hackett Group Inc. (NASDAQ:HCKT) is one of the best IT stocks to buy according to analysts. On June 25, The Hackett Group released its latest Digital World Class Matrix focusing on the procurement outsourcing services marketplace.
This report highlights gains from AI-driven procurement outsourcing, as service providers use new capabilities and advanced technologies to help clients navigate an increasingly volatile and complex global business environment.
Procurement organizations are currently facing internal and external pressures, such as increasing workloads, evolving global compliance requirements, governmental policy uncertainty, and rising expectations from business stakeholders. These challenges, together with the rapid emergence of generative and agentic AI solutions, necessitate a critical re-evaluation of procurement operating models, strategic partners, and service placement options.
The Hackett Group Inc. (NASDAQ:HCKT) operates as an intellectual property platform-based GenAI consulting and executive advisory digital transformation company internationally.
6. TTEC Holdings Inc. (NASDAQ:TTEC)
Number of Hedge Fund Holders: 21
Average Upside Potential as of June 27: 41.53%
TTEC Holdings Inc. (NASDAQ:TTEC) is one of the best IT stocks to buy according to analysts. Earlier on June 11, TTEC Holdings announced the expansion of its partnership with Zendesk, which is a leader in agentic AI-powered service. This enhanced agreement builds on a long-standing relationship where hundreds of TTEC’s enterprise clients already utilize Zendesk solutions.
The partnership aims to unlock broader capabilities across the Zendesk platform, further scaling CRM and workflow optimization for faster client value delivery. As part of this collaboration, TTEC will serve as a full-stack delivery and implementation partner across the entire Zendesk platform and assist clients in accelerating their digital transformation and achieving measurable results.
TTEC will also integrate its Amazon Connect capabilities into Zendesk implementations, unifying voice and customer data to deliver seamless omnichannel experiences. Furthermore, TTEC plans to use Zendesk’s AI and workflow capabilities alongside its own CX transformation expertise to enhance automation, agent augmentation, and operational efficiency for both existing and future clients.
TTEC Holdings Inc. (NASDAQ:TTEC) is a customer experience/CX company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels.
5. TechTarget Inc. (NASDAQ:TTGT)
Number of Hedge Fund Holders: 8
Average Upside Potential as of June 27: 56.70%
TechTarget Inc. (NASDAQ:TTGT) is one of the best IT stocks to buy according to analysts. On June 23, Informa TechTarget announced a partnership and integration with Salesloft, which is a Revenue Orchestration Platform. The collaboration aims to help mutual customers grow revenue by enabling precise and data-driven prospecting, as well as efficiently engaging prospects who are actively in a buying journey.
The core of this integration is to streamline workflows between Informa TechTarget’s Priority Engine intent data platform and Salesloft’s engagement capabilities. Priority Engine provides insights into actively researching buyers and buying groups by using its trusted editorial communities, which include 220+ highly targeted technology-specific websites and over 50 million permissioned first-party audience members.
The integration allows sales teams to easily and automatically push “Active Prospects” from Priority Engine directly into relevant and topically aligned Salesloft cadences every week, thereby reducing the time between identifying intent signals and initiating sales outreach. By delivering active and permissioned contacts into Salesloft cadences, the integration helps sellers engage the right people with the right message at the right time.
TechTarget Inc. (NASDAQ:TTGT) provides purchase intent-driven marketing and advertising campaigns in North America, the UK, and internationally.
4. Grid Dynamics Holdings Inc. (NASDAQ:GDYN)
Number of Hedge Fund Holders: 20
Average Upside Potential as of June 27: 58.53%
Grid Dynamics Holdings Inc. (NASDAQ:GDYN) is one of the best IT stocks to buy according to analysts. On June 23, Grid Dynamics announced the launch of an innovative AI-powered engagement model for its software engineering services. The new model is designed to accelerate business transformation for Fortune 1000 enterprises by offering enhanced agility, quality, and faster time-to-market.
It expands Grid Dynamics’ offerings beyond traditional Fixed Price, Time and Materials, and Capacity-based engagements. The core of the new engagement model is the Grid Dynamics AI-Native Development Framework (GAIN Development Framework). The framework represents a shift from traditional effort-based development to an AI & Human collaboration model. It combines proprietary processes, human capital, and an AI-Enabled Development Platform.
The GAIN Development Framework emphasizes lean teams composed of domain specialists, software architects, and experts in emerging technology, while using Grid Dynamics’ AI-Enabled Development Platform to automate routine coding and testing tasks. Based on internal benchmarks, Grid Dynamics expects this model to accelerate project delivery by achieving over 30% productivity improvements.
Grid Dynamics Holdings Inc. (NASDAQ:GDYN) provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally.
3. Aurora Innovation Inc. (NASDAQ:AUR)
Number of Hedge Fund Holders: 33
Average Upside Potential as of June 27: 132.11%
Aurora Innovation Inc. (NASDAQ:AUR) is one of the best IT stocks to buy according to analysts. Just as May started, Aurora Innovation successfully launched its commercial self-driving trucking service in Texas, which marked a new era of freight transportation. Following the closure of its safety case, Aurora began regular driverless customer deliveries between Dallas and Houston that week and completed over 1,200 miles without a driver.
This milestone positions Aurora as the first company to operate a commercial self-driving service with heavy-duty Class 8 trucks on public roads in the US. The company plans to expand its driverless service to El Paso, Texas, and Phoenix, Arizona, by the end of this year. This deployment addresses challenges in the US trucking industry. Autonomous trucking offers a solution by providing safe, reliable capacity without impacting jobs.
Aurora’s initial launch customers for this commercial service are Uber Freight. This is an enterprise technology company in logistics. The other one is Hirschbach Motor Lines, which is a veteran-owned carrier that specializes in time and temperature-sensitive freight.
Aurora Innovation Inc. (NASDAQ:AUR) is a self-driving technology company in the US.
2. Conduent Incorporated (NASDAQ:CNDT)
Number of Hedge Fund Holders: 19
Average Upside Potential as of June 27: 165.15%
Conduent Incorporated (NASDAQ:CNDT) is one of the best IT stocks to buy according to analysts. On June 25, Conduent was recognized as a Leader in 2 of NelsonHall’s 2025 Vendor Evaluation & Assessment Tools/NEAT charts. These charts specifically focused on HR & Talent Transformation services: “Marketplace Focus on Benefits Administration: Health & Welfare” and “Experience and Engagement Focus on Experience-Led HR Transformation.”
In the “Benefits Administration: Health & Welfare” category, Conduent was highlighted for its integrated services covering health & welfare, defined benefit, and defined contribution plans. A key offering is the Life@Work Connect Experience Platform, which simplifies personalized benefits decisions through educational tools, provider access, and proactive alerts. Conduent’s strength in this area is supported by its robust AI and GenAI capabilities.
Conduent’s leadership for “Experience-Led HR Transformation Services” comes from its employee-centric model, which integrates CRM, RPA, AI, and workflow orchestration for enhanced engagement. The company also has a GenAI-powered virtual assistant named Conni, which is integrated within the Life@Work Connect Experience Platform.
Conduent Incorporated (NASDAQ:CNDT) provides digital business solutions and services for the commercial, government, and transportation sectors in the US, Europe, and internationally.
1. FiscalNote Holdings Inc. (NYSE:NOTE)
Number of Hedge Fund Holders: 15
Average Upside Potential as of June 27: 419.43%
FiscalNote Holdings Inc. (NYSE:NOTE) is one of the best IT stocks to buy according to analysts. Earlier on June 12, FiscalNote Holdings announced enhancements to its PolicyNote platform. The new features, which include AI-powered bill forecasts, a redesigned experience for AI-powered alerts, and AI-driven detection of substantively similar bills, are designed to help FiscalNote’s ~4,000 customers act faster, prioritize smarter, and stay ahead of legislative changes.
The redesigned AI-Powered Alerts page now functions as a real-time command center. Users can easily scan all legislative alerts across their projects, with options for both expanded and compact views. They can drill down into specific items and access critical context such as sponsor details and summaries. The upgrade is expected to eliminate hours of manual review and allow users to focus more on strategy and impact.
A new Bill Forecasts feature helps users anticipate legislative outcomes. The tool uses advanced data modeling to predict the likelihood of a bill reaching the floor and passing in each legislative chamber. PolicyNote’s new Similar Bills feature uses AI to automatically identify and display legislation with textual similarities.
FiscalNote Holdings Inc. (NYSE:NOTE) is a technology provider for global policy and market intelligence in North America, Europe, Australia, and Asia.
While we acknowledge the potential of NOTE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOTE and that has 100x upside potential, check out our report about this cheapest AI stock.
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