In this article, we will take a look at the 10 Best Technology Growth Stocks to Buy Under $100.
May delivered another month of solid stock market performance. Few can argue that the tech sector has been driving this rise to new highs, as investors pump capital into it, particularly into semiconductor stocks. Notably, the S&P 500’s information-technology sector soared by approximately 15.9% this month, significantly outperforming other sectors. Although many sectors lost ground this month, investors have noticed evidence that more stocks are joining the upward trend.
On May 27, Greg Fleming, President and CEO of Rockefeller Capital Management, appeared on CNBC’s Squawk Box to analyze the current state of the stock market. Fleming claimed that despite concerns about inflation, geopolitical tensions, and government debt, the US economy continues to exhibit unusual resilience due to several fundamental structural attributes.
According to Fleming, artificial intelligence is one of the most important drivers of economic progress today. Companies in almost every area are racing to implement AI solutions to boost production and efficiency. In this regard, one statistic that Fleming mentioned was the increase in new business activity. The US is on track to record more than six million new business applications in 2026, a significant rise over previous years.
Fleming did, however, note a number of market issues at hand. He warned that persistent budget deficits of 6% to 7% of GDP continue to drive up the national debt, posing problems beyond interest rates alone. Although current borrowing costs don’t seem to be hindering business development or economic activity, Fleming warns that excessive debt might eventually put pressure on the US dollar. He also addressed rising concerns about AI and employment. While addressing concerns that AI may kill jobs and worsen economic inequality, he pointed out that earlier technological revolutions have typically produced more jobs than they eliminated.
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Our Methodology
For this article, we used stock screeners to narrow down a list of tech stocks with expected EPS growth of more than 30% and trading below $100. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Navan, Inc. (NASDAQ:NAVN)
Navan, Inc. (NASDAQ:NAVN) ranks among the best technology growth stocks to buy under $100. BMO Capital increased its price target for Navan, Inc. (NASDAQ:NAVN) to $22 from $18 on May 14, while keeping an Outperform rating on the company’s shares. The firm emphasized the company’s consistent investments in AI, as well as its success in winning clients over legacy competition across both product and pricing.
BMO Capital believes the corporate travel platform has somewhat recovered from its post-IPO market decline. When Navan, Inc. (NASDAQ:NAVN) reports its first-quarter results, the firm anticipates a strong rise in gross booking value, fueled by additional customer wins and, to some extent, travel-related price increases.
Furthermore, on May 5, Schindler, a Swiss elevator and escalator maker, announced the appointment of Navan, Inc. (NASDAQ:NAVN) to handle its global travel-related activities in North America and Europe. According to the release, Schindler expects a 11% decrease in travel expenses and a 95% acceptance rate among employees who use the new platform.
Navan, Inc. (NASDAQ:NAVN), a cloud-based business travel and expense management platform, was established in 2015 and is headquartered in Palo Alto, CA. The company utilizes artificial intelligence (AI) to automate processes and minimize manual interactions globally.
9. Ouster, Inc. (NASDAQ:OUST)
Ouster, Inc. (NASDAQ:OUST) ranks among the best technology growth stocks to buy under $100. On May 29, Roth/MKM began coverage of Ouster, Inc. (NASDAQ:OUST), with a Buy rating and a $75 price target. According to the firm, Ouster, Inc. (NASDAQ:OUST) is well-positioned to outperform the overall sensor industry with superior LiDAR and stereoscopic camera capabilities that allow for an AI-driven computing and software-based perception platform.
Roth/MKM anticipates solid price and revenue growth led by growing physical AI autonomous adoption, propelling the company’s cash flow to breakeven by the close of 2027. The firm believes that the company will expand into a physical AI product vendor capable of adapting its product line to customer requirements.
Meanwhile, on May 27, Rosenblatt boosted its price objective for Ouster, Inc. (NASDAQ:OUST) to $53 from $40 while retaining a Buy rating for the stock. The rise follows Ouster’s statement of a strategic partnership with ARGUS Interception.
In light of the announcement, Rosenblatt expects Ouster’s total market share to expand with the introduction of StereoLabs cameras and the newly introduced Rev8 LiDAR.
Ouster, Inc. (NASDAQ:OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure.
