In this article, we will look at the 10 Best Up and Coming Tech Stocks to Buy.
On October 1, Renaissance Capital released its Q3 2025 US IPO market review. The third quarter marked the biggest quarter for IPOs since 2021. During the quarter, 64 IPOs raised around $15.3 billion. The report highlighted that IPOs experienced delays in the earlier quarters due to macroeconomic headwinds. However, the new issuance activity started to pick up pace in July 2025, followed by strong activity in August and September. According to a report by EY, the US IPO market witnessed new issuance raising approximately $8 billion in proceeds during September alone.
Notably, 24 IPOs raised $100 million or more during Q3, which marked another record high since 2021. IPO experts at Renaissance attributed this surge to a wave of high-profile unicorns. The overall bullish market and the renewed interest in growth stocks led many new companies to be priced above the midpoint. One notable IPO during the quarter was Figma, which popped around 250% on debut.
As a result of stellar performance by some of the top names, the Renaissance IPO Index outperformed the S&P 500 with 11% gains during the quarter. The report highlights that the third quarter has set the stage for a strong finish to 2025, unless the SEC funding lapse drags on.
With that, let’s take a look at the 10 Best Up and Coming Tech Stocks to Buy.
Our Methodology
To compile the list of 10 Best Up and Coming Tech Stocks to Buy, we used the Finviz stock screener, CNN, and Insider Monkey’s Q3 2025 hedge funds database. Using the screener, we aggregated a list of new technology stocks that have had their IPO in the last 2 years, and analysts see more than 25% upside. Next, we cross-checked the upside potential from CNN and ranked the stocks in ascending order of the number of hedge fund holders. Please note that the data was recorded on November 28, 2025.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best Up and Coming Tech Stocks to Buy
10. Bullish (NYSE:BLSH)
Analyst Upside Potential: 40.06%
Number of Hedge Fund Holders: 32
Bullish (NYSE:BLSH) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street has a positive outlook on the stock since its fiscal Q3 2025 earnings beat on November 19. On November 23, Joseph Vafi from Canaccord Genuity reiterated a Buy rating on Bullish (NYSE:BLSH) but lowered the price target from $68 to $50. Earlier on November 20, Owen Lau from Clear Street had reiterated a Buy rating on the stock with a $57 price target.
During the fiscal Q3 2025, the company grew its revenue by 71.52% year-over-year to $76.5 million, surpassing estimates by $5.36 million. Moreover, the EPS of $0.10 also stayed in line with the consensus. Management attributed the robust performance to growth in its subscription, services, and other revenue categories. Notably, Bullish (NYSE:BLSH) turned its $67.3 million net loss last year into $18.5 million net income during the quarter.
Looking ahead, management expects fiscal Q4 2025 Subscription, Services & Other Revenue (non-IFRS) of $47.0 million to $53.0 million, along with adjusted Operating Expenses of $48.0 million to $50.0 million.
Analyst Joseph Vafi from Canaccord Genuity noted that they remain bullish on the stock due to the stellar performance in Q3. However, the firm views its forward estimates as conservative, due to minimal contributions from US business and options trading launches amid crypto volatility.
Bullish (NYSE:BLSH) operates an institutionally focused global digital asset platform, offering regulated market infrastructure like its Bullish Exchange for spot and derivatives trading with deep liquidity via a central limit order book and automated market making.
9. Figma, Inc. (NYSE:FIG)
Analyst Upside Potential: 90.98%
Number of Hedge Fund Holders: 38
Figma, Inc. (NYSE:FIG) is one of the Best Up and Coming Tech Stocks to Buy. Figma, Inc. (NYSE:FIG) failed to impress investors with its fiscal Q3 2025 earnings, causing the stock to fall more than 17%. However, Wall Street remains optimistic with analysts’ 12-month median price target of $69 reflecting 90.98% upside from the current level. On November 19, Michael Turrin from Wells Fargo reiterated a Hold rating on the stock with a $52 price target, indicating 46.48% upside.
The investor sentiment was mainly affected due to a one-time stock-based compensation expense of $975.7 million, which resulted in GAAP net loss per share of $2.72. Other than that, the fundamentals of Figma, Inc. (NYSE:FIG) remain strong with 12,910 paid customers with more than $10,000 in ARR and 1,262 paid customers with more than $100,000 in ARR.
In addition to growing its customer base, the company is also expanding its partnerships. On November 6, Figma, Inc. (NYSE:FIG) announced its strategic collaboration with ServiceNow to turn visual designs into fully working enterprise apps in minutes. As a result of this partnership, developers would be able to directly prompt Figma design to the ServiceNow Build Agent and create fully functional enterprise applications.
Figma, Inc. (NYSE:FIG) provides a cloud-based design platform that enables real-time collaboration for interface and product design. Its software allows teams to create, prototype, and share interactive designs all within a browser environment.
8. Chime Financial, Inc. (NASDAQ:CHYM)
Analyst Upside Potential: 73.53%
Number of Hedge Fund Holders: 39
Chime Financial, Inc. (NASDAQ:CHYM) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street is bullish on the stock since the company topped estimates during its fiscal Q3 2025. The stock has surged more than 10.5% since the release.
On November 13, James Faucette from Morgan Stanley reiterated a Buy rating on the stock with a $40 price target. Earlier on November 6, Patrick Moley from Piper Sandler also reiterated a Buy rating on Chime Financial, Inc. (NASDAQ:CHYM) but lowered the price target from $35 to $30.
During the quarter, the company grew its revenue by 29% year-over-year to $544 million, surpassing estimates by $12.24 million. The EPS of $0.08 also topped estimates by $0.33. The growth was driven by a 65% increase in Platform-related revenue and 16% growth in Payments revenue. Notably, the company also grew its active member count by 21% year-over-year to 9.1 million.
Analyst Patrick Moley of Piper Sandler noted that the increase in customers should alleviate investors’ concerns regarding stagnant growth in Q1 and Q2. Moreover, the updated full-year revenue guidance of $2.163 billion – $2.173 billion suggests more than 21.5% growth at mid-point.
Chime Financial, Inc. (NASDAQ:CHYM) is a fintech company that provides banking services through FDIC-insured bank partners.
7. Joint Stock Company Kaspi.kz (NASDAQ:KSPI)
Analyst Upside Potential: 29.91%
Number of Hedge Fund Holders: 40
Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the Best Up and Coming Tech Stocks to Buy. On November 28, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released an update regarding its ongoing acquisition of Rabobank A.Ş., which is a subsidiary of Turkish Rabobank. Management had announced signing a purchase agreement with Rabobank Group earlier on March 27. The company now expects to close this transaction in mid-2026, subject to the required regulatory approvals and customary closing conditions.
In addition, earlier on November 10, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released its fiscal Q3 2025 results. The company grew its consolidated quarterly revenue by 20% year-over-year to ₸ 797 billion ($1.56 billion), along with the net income of ₸ 307 billion ($614.6 million), reflecting 12% year-over-year growth. The quarterly performance was driven by growth across the board, including a 10% growth in Payments revenue and 24% growth in Marketplace and Fintech revenue year-over-year.
However, management noted that the quarterly performance was impacted by a supply shortage of smartphones and iPhones, which impacted GMV and revenue growth in Q3. Regardless of the slowed growth, the share price of the company has risen by around 5% since the release.
Joint Stock Company Kaspi.kz (NASDAQ:KSPI), headquartered in Almaty, the Republic of Kazakhstan, is a provider of payments, marketplace, and fintech solutions for both consumers and merchants. Founded in 2008, the company is committed to improving people’s lives through its innovative products.
6. Netskope, Inc. (NASDAQ:NTSK)
Analyst Upside Potential: 51.94%
Number of Hedge Fund Holders: 44
Netskope, Inc. (NASDAQ:NTSK) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street has a positive outlook on Netskope, Inc. (NASDAQ:NTSK) ahead of its first quarterly results after the IPO, expected to be announced on December 11.
On November 18, Shaul Eyal from TD Cowen reiterated a Buy rating on the stock with an associated price target of $30. Earlier on November 11, Matthew Hedberg from RBC Capital also reiterated a Buy rating on the stock with a $26 price target.
Analyst Shaul Eyal of TD Cowen noted that the company is expected to post 28% year-over-year growth in ARR, along with a 56% year-over-year decline in net new annual recurring revenue during its upcoming fiscal Q3 2026 results. He added that while the projection is relatively low, it sets the stage for Netskope, Inc. (NASDAQ:NTSK) to top expectations for its first quarterly results after the IPO.
Eyal believes that the demand for cybersecurity solutions is expected to rise. This places the company in a strong position to capitalize on the growing demand with its unique machine learning-based cloud data loss prevention solution.
Netskope, Inc. (NASDAQ:NTSK) has already started forming strategic collaborations. On November 18, it announced its collaboration with Microsoft to provide enterprise security for modern AI and cloud environments. As a result of this agreement, Netskope One capabilities have been integrated with Microsoft tools to protect Microsoft customers with comprehensive Data Loss Prevention coverage.
Netskope, Inc. (NASDAQ:NTSK) provides cloud-native cybersecurity solutions, including security, networking, and analytics via its Netskope One platform delivered as a SaaS subscription model.
5. ServiceTitan, Inc. (NASDAQ:TTAN)
Analyst Upside Potential: 57.82%
Number of Hedge Fund Holders: 48
ServiceTitan, Inc. (NASDAQ:TTAN) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street is bullish on ServiceTitan, Inc. (NASDAQ:TTAN) ahead of its fiscal Q3 2026 results, expected to be announced on December 4, 2025.
On November 25, Josh Baer from Morgan Stanley initiated a Buy rating on the stock with a $118 price target. Earlier, on November 23, Andrew Sherman from TD Cowen had also reiterated a Buy rating on the stock with a price target of $150. Management is expecting fiscal third-quarter revenue in the range of $237 million to $239 million, along with non-GAAP income from operations between $14 million and $15 million.
The stock has fallen more than 11% during the last 30 days over concerns related to recent challenges in the HVAC OEM sector. However, Andrew Sherman from TD Cowen notes that he expects ServiceTitan, Inc. (NASDAQ:TTAN) to exceed expectations of 20% revenue growth in the upcoming quarter and also provide an encouraging outlook. Sherman believes that an earnings beat would help the company regain its share price by providing an attractive entry point for investors.
Sherman further added that the company has continued to grow its Gross Transaction Value (GTV) by over 20% each quarter, while GTV for the broader market has been declining. He believes ServiceTitan, Inc. (NASDAQ:TTAN) has an attractive valuation supported by strong growth drivers.
ServiceTitan Inc. (NASDAQ:TTAN) provides an end-to-end cloud-based software platform in the US and Canada.
4. Klarna Group plc (NYSE:KLAR)
Analyst Upside Potential: 61.45%
Number of Hedge Fund Holders: 50
Klarna Group plc (NYSE:KLAR) is one of the Best Up and Coming Tech Stocks to Buy. On November 25, Klarna Group plc (NYSE:KLAR) announced the launch of its first stablecoin called KlarnaUSD to facilitate faster and cheaper payments. This marks a major strategic shift as the CEO of the company has been skeptical about cryptocurrencies.
Following the announcement, Klarna Group plc (NYSE:KLAR) has become the first bank to launch its stablecoin on Tempo, which is a new blockchain started by Stripe and Paradigm. Management highlighted that they generate around $120 billion in cross-border transaction fees annually. The stablecoin will enable customers and merchants to make cross-border payments at significantly reduced costs.
In addition, Wall Street maintains a positive outlook on Klarna Group plc (NYSE:KLAR). On November 21, Bryan Keane from Citi reiterated a Buy rating on the stock, but lowered the price target from $58 to $45. Earlier, on November 20, Timothy Chiodo from UBS also reiterated a Buy rating on the stock and lowered the price target from $48 to $46.
Klarna Group plc (NYSE:KLAR) operates as an AI-powered global payments network and shopping assistant, offering flexible payment solutions such as Pay in Full, Pay Later, and Fair Financing to consumers and merchants.
3. Rubrik, Inc. (NYSE:RBRK)
Analyst Upside Potential: 69.43%
Number of Hedge Fund Holders: 52
Rubrik, Inc. (NYSE:RBRK) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street maintains a positive outlook on Rubrik, Inc. (NYSE:RBRK) as the company gets close to its fiscal Q3 2026 results, expected to be announced on December 4, 2025.
On November 27, Deutsche Bank reiterated a Buy rating on the stock with a $115 price target. Earlier on November 20, Saket Kalia from Barclays also reiterated a Buy rating on the stock with a price target of $120.
Management, during its fiscal Q2 2026 earnings, released its third-quarter outlook. It expects revenue in the range of $319 million to $321 million with a non-GAAP subscription ARR contribution margin of approximately 6.5%.
Analyst at Oppenheimer, who initiated the stock with a Hold rating on November 17, noted they see Rubrik, Inc. (NYSE:RBRK) benefiting from the rising importance of data. They believe that the increasing demand for data and the growing demand for cybersecurity align well with the company’s security-first approach. Oppenheimer also likes the company’s product differentiation, which provides it with a significant competitive edge.
Rubrik Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide. It serves financial, retail, trade, transportation, energy, industrial, healthcare & life science, education, technology, media, communications, services, and public sectors.
2. Astera Labs, Inc. (NASDAQ:ALAB)
Analyst Upside Potential: 26.44%
Number of Hedge Fund Holders: 57
Astera Labs, Inc. (NASDAQ:ALAB) is one of the Best Up and Coming Tech Stocks to Buy. Astera Labs, Inc. (NASDAQ:ALAB) share price has fallen more than 12% since the release of its fiscal Q3 2025 results on November 4. The share price continues to fall despite the company beating earnings expectations during the quarter.
Wall Street has had a mixed opinion on the stock since the earnings release. On November 20, Karl Ackerman from Exane BNP Paribas initiated the stock with a Buy rating and a $225 price target. However, on the same day, Simon Leopold from Raymond James initiated a Hold rating on the stock without disclosing any price targets.
During the quarter, Astera Labs, Inc. (NASDAQ:ALAB) grew its revenue by 103.89% year-over-year to $230.58 million, surpassing estimates by $24.15 million. The EPS of $0.49 also topped the consensus by $0.10. Management attributed growth to robust demand across its signal conditioning, smart cable module (SCM), and switch fabric portfolios.
Looking ahead, management expects fiscal fourth quarter revenue in the range of $245 million to $253 million, ahead of Wall Street estimates of $215.1 million.
Astera Labs, Inc. (NASDAQ:ALAB) is engaged in designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and AI infrastructure.
1. CoreWeave, Inc. (NASDAQ:CRWV)
Analyst Upside Potential: 112.01%
Number of Hedge Fund Holders: 62
CoreWeave, Inc. (NASDAQ:CRWV) is one of the Best Up and Coming Tech Stocks to Buy. The stock has been on a downward trajectory despite an earnings beat on November 10. The main reason behind the falling share price is the delay from third-party data center partners, which the CEO, Michael Intrator, anticipates to be resolved by fiscal Q1 2026.
On November 11, David Nicholson, chief research officer at Futurum, and Mike Maloney, CEO at Incyt, appeared on the Schwab Network to discuss their outlook on CoreWeave, Inc.’s (NASDAQ:CRWV) earnings and future prospects. Maloney noted that apart from the huge $55.6 billion backlog of the company, the more important aspect is the company’s growth potential. He highlighted that the company grew by 120 MW during the third quarter and has the potential to further grow by at least 3 GW, which will allow CoreWeave, Inc. (NASDAQ:CRWV) to fulfill its backlog.
Moreover, Maloney added that the current growth trajectory of the company suggests it can add around $1 billion to $2 billion every half year with the expected power growth. Maloney believes that this should allow CoreWeave, Inc. (NASDAQ:CRWV) to easily pay back the $9 billion of debt it is looking to take on for further growth. He believes that debt is the fastest way for CoreWeave to grow, and therefore, Maloney remains bullish on the stock for the long term. Overall, analysts’ average price target suggests more than 112% upside for the stock.
CoreWeave (NASDAQ:CRWV) is a hyperscale cloud and AI data center company specializing in GPU‑accelerated workloads for artificial intelligence, machine learning, and high‑performance computing.
While we acknowledge the potential of CRWV 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 CRWV and that has 100x upside potential, check out our report about this cheapest AI stock.
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