In this article, we will look at the 10 Most Promising New Technology Stocks to Buy According to Analysts.
On June 24, David Bauer from JPMorgan Capital Markets appeared on a CNBC Television interview to discuss the impact of the SpaceX IPO on other companies in the pipeline and the overall IPO market. Bauer noted that watching SpaceX trade in the first few days after the IPO was a healthy sign for the capital markets. He acknowledged that markets act like rollercoasters and SpaceX is going to experience some pullback, but is expected to hold at healthy levels. Bauer noted that this gives a green light for other big names, including Anthropic and OpenAI, to have IPOs this year.
Bauer highlighted that an important thing to note from the SpaceX IPO is that a bigger chunk of shares was allocated for retail and individual investors. He believes this should be an ongoing theme for the upcoming IPOs. He noted that this is called democratization of IPO, and JPMorgan has been advocating this for a long time. Bauer pointed out that this democratization shows that retail and individual investors are ready to show up and trade new stocks, which is a healthy sign for the overall market.
With that, let’s take a look at the 10 Most Promising New Technology Stocks to Buy According to Analysts.
Our Methodology
To curate the list of 10 Most Promising New Technology Stocks to Buy According to Analysts, we used the Finviz Stock Screener, CNN, and Insider Monkey’s hedge funds database. Using the screener, we aggregate a list of technology stocks that have had their IPOs in the past 5 years, and analysts expect more than 25% upside from the current level. Next, we cross-checked the upside potential from CNN and ranked the stocks in ascending order of upside potential. We have also added hedge fund sentiment for stocks that are held by institutional investors.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Most Promising New Technology Stocks to Buy According to Analysts
10. Space Exploration Technologies Corp. (NASDAQ:SPCX)
Number of Hedge Fund Holders: N/A
Upside Potential: 28.92%
Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Space Exploration Technologies Corp. (NASDAQ:SPCX) had a record-breaking $75 billion IPO on June 12. Although the stock price has dipped a little due to valuation concerns, the Street expects more than 28% upside from the current level.
On June 23, Susquehanna initiated the stock as “Neutral” with a $170 price target. Analysts at the firm believe that investors should wait for a better entry point.
“We are initiating coverage of Space Exploration Technologies Corporation ( SPCX) with a Neutral rating and price target of $170.”
A day earlier, on June 22, KeyBanc initiated coverage of SpaceX with a Sector Weight rating and didn’t assign any price targets. The firm acknowledged SpaceX’s dominant position in the space launch industry, expecting it to maintain leadership across space launch and adjacent verticals for the foreseeable future. The firm highlighted Starlink as a key driver of profitable growth and identified AI as the long-term catalyst for significant upside potential for the company.
However, despite recognizing the company’s disruptive growth avenues, KeyBanc believes these positives are already reflected in the stock’s current valuation. This limits the near-term upside, creating what the firm describes as a balanced risk/reward profile.
Space Exploration Technologies Corp. primarily provides satellite-based broadband services. However, its businesses also span rocket launch services, satellite internet and connectivity, artificial intelligence (AI), and cloud computing.
9. Rubrik, Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 46
Upside Potential: 29.59%
Rubrik, Inc. (NYSE:RBRK) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Rubrik, Inc. (NYSE:RBRK) has gained around 4.3% over the past month, mainly due to strong fiscal Q1 2027 earnings.
During the quarter, the company posted $387.07 million in revenue, which surpassed estimates of $366.32 million. The EPS of $0.16 also topped expectations of a negative $0.03. Management highlighted record net new subscription ARR, which reached $103 million. The company raised its full-year fiscal 2027 revenue guidance to a range of $1.64 billion to $1.65 billion, driven by demand for cyber resilience and AI-driven security solutions.
Separately, on June 17, Rubrik, Inc. announced an upcoming integration of the Rubrik Agent Cloud platform with Amazon Bedrock AgentCore. The integration is aimed at bringing enterprise-grade security controls into AI agent workflows.
Management noted that Amazon Bedrock AgentCore is an AWS platform for building and managing AI agents at scale. Through this integration, Rubrik will add a layer of semantic governance and operational resilience on top of AgentCore’s enforcement capabilities. Therefore, detection will happen inside Rubrik’s system, while enforcement remains deterministic at the AgentCore gateway.
Rubrik, Inc. is a cybersecurity and cloud data management company that provides ransomware recovery, threat detection, and Zero Trust data security solutions.
8. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 70
Upside Potential: 34.32%
Reddit, Inc. (NYSE:RDDT) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Wall Street is bullish on the stock, with analysts’ 12-month average price target suggesting more than 34.32% upside from the current level. On June 23, B.Riley maintained a Buy rating on Reddit, Inc. (NYSE:RDDT) with a price target of $250.
The firm pointed towards encouraging developments in the company’s advertising business. The firm noted that Reddit’s latest update from the Cannes Lions events shows that management’s investment in the ad stack is paying off. Moreover, advertiser return on ad spend on Reddit is now above industry averages in key categories.
Moreover, the company also continues to play a meaningful role in consumer shopping behavior. According to a Reddit white paper, roughly 20% of all shoppers include Reddit in their searches, and 50% of US shoppers use Reddit to verify AI-generated recommendations.
Reddit, Inc. operates a massive online social platform where users connect through over 100,000 interest-based communities known as subreddits. It functions as an online forum, news aggregator, and content-sharing network where people engage in authentic conversations, share news, research hobbies, and vote on content.
7. Navan, Inc. (NASDAQ:NAVN)
Number of Hedge Fund Holders: 30
Upside Potential: 36.92%
Navan, Inc. (NASDAQ:NAVN) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Navan, Inc. (NASDAQ:NAVN) has gained more than 12% over the past 30 days, and the Street expects more than 36% upside over the next 12 months.
Recently, on June 11, BMO Capital raised the price target on the stock from $22 to $30 and maintained an Outperform rating on the shares. The rating comes after the company posted strong results for fiscal Q1 2027 on the same day. The company posted $220.23 million in revenue and topped the expectations of $205.27 million. The EPS of $0.08 also exceeded expectations of $0.01.
The firm noted that the Q1 results were strong across all key metrics. Moreover, the accelerating growth in travel bookings and payments contributed to the overall revenue, which grew 40% year-over-year. The firm also highlighted a large runway ahead, with triple-digit growth in RFP activity suggesting growing demand from corporate customers.
In the enterprise segment, BMO sees persistent upside potential driven partly by changes at major competitors, creating share-gain opportunities for Navan. The firm also praised the company’s AI strategy, noting it helps the company scale more efficiently and supports profitability as volume grows.
Navan, Inc., 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.
6. SailPoint, Inc. (NASDAQ:SAIL)
Number of Hedge Fund Holders: 25
Upside Potential: 42.54%
SailPoint, Inc. (NASDAQ:SAIL) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Recently, on June 17, Truist Securities reiterated a Buy rating on SailPoint, Inc. (NASDAQ:SAIL) with a price target of $18. Overall, Wall Street sees more than 42% upside from the current level.
The rating comes after Truist met with the management on analyst day. At the event, management outlined a growth framework centered on agentic identity, real-time governance, and a smoother, more scalable migration from IdentityIQ to ISC. The firm believes that this strategy can help accelerate revenue expansion.
Moreover, Truist also likes SailPoint’s broad product portfolio, improving AI pipeline momentum, and noted several paths to reach fiscal 2029 goals. The company has set ambitious goals, including at least $2.1 billion in ARR, $800 million in AI-related ARR, and more than 22% adjusted operating margin by fiscal 2029. The firm noted that successful execution on migrations and monetizing new AI offerings will be important to watch.
SailPoint, Inc. provides an elaborate identity security platform for the enterprise, with its solutions allowing organizations to control, establish, and automate policies that allow them to attain regulatory compliance and define and maintain a robust security posture.
5. Chime Financial, Inc. (NASDAQ:CHYM)
Number of Hedge Fund Holders: 53
Upside Potential: 70.45%
Chime Financial, Inc. (NASDAQ:CHYM) is one of the Most Promising New Technology Stocks to Buy According to Analysts. The stock has declined slightly by around 5.3% over the past month, mainly due to insider selling and broader fintech volatility. Despite the decrease in share price, analysts project more than 70% upside from the current level.
On June 15, Adam B. Frankel, General Counsel at Chime Financial, Inc., reportedly sold 3,000 shares of the Class A common stock. Earlier, on June 9, Frankel had sold another 3,000 shares of Class A common stock. Following these transactions, Frankel holds 303,795 shares of Class A Common Stock.
That said, on June 22, Wells Fargo reiterated a Buy rating on the stock with a price target of $28. The positive rating follows Chime’s fiscal first quarter 2026 earnings released on May 7. The earnings were notable as the company achieved its first-ever GAAP profitability quarter with an EPS of $0.13. Moreover, the revenue reached $647.4 million, driven by 19% year-over-year growth in active members.
Management raised its full-year revenue guidance to between $2.66 billion and $2.69 billion and increased its adjusted EBITDA forecast to $416 million – $431 million.
Chime Financial Inc. is a financial technology company serving in the U.S. and internationally. The company sells spending and liquidity products, debit cards, ATM and cash deposit networks. It also offers credit solutions like FICO score tracking, Instant Loans, community-focused products, savings and perks products, and other support functions.
4. ServiceTitan, Inc. (NASDAQ:TTAN)
Number of Hedge Fund Holders: 44
Upside Potential: 71.26%
ServiceTitan, Inc. (NASDAQ:TTAN) is one of the Most Promising New Technology Stocks to Buy According to Analysts. On June 17, Truist Securities reiterated a Buy rating on the stock with a price target of $110. The rating comes after the firm’s analyst Terry Tillman visited Sila Services, a national multi-trade platform on track for roughly $1 billion in revenue this year.
The firm noted that Sila operates almost entirely on the ServiceTitan, Inc. platform and runs a dedicated 10-person Center of Excellence to drive adoption and scale best practices across around 50 brands. The analyst noted that management was positive about the Contact Center Pro, Pro product adoption and the emerging AI use cases.
Following the visit, Truist came away more confident in ServiceTitan’s ability to deepen relationships with existing customers and grow its share of their spending over time. The visit reinforced the firm’s view that ServiceTitan has a clear runway to expand within its installed base.
ServiceTitan, Inc. is a California-based provider of an end-to-end cloud-based software platform.
3. Figma, Inc. (NYSE:FIG)
Number of Hedge Fund Holders: 51
Upside Potential: 74.79%
Figma, Inc. (NYSE:FIG) is one of the Most Promising New Technology Stocks to Buy According to Analysts. On June 17, Citi initiated Figma, Inc. (NYSE:FIG) with a Buy rating and a price target of $36.
The firm noted that the market is underestimating the ability of Figma to monetize AI. This optimistic outlook comes despite rising competition from low cost AI native design tools. Citi believes fears over AI reducing paid seats are overblown. It expects those headwinds to be offset by higher-tier subscription upgrades, wider adoption among non-designers, and growing AI service consumption.
The firm highlighted that their checks with large tech and financial services firms suggest stronger-than-expected early AI traction, with evidence of seat upgrades and increased usage of AI credit packs. Citi’s revenue forecasts for the company’s second quarter and fiscal 2026 are at 7% and 9% above consensus, respectively. Lastly, Citi estimates Figma’s total addressable market at around $25 billion today, potentially doubling to $50 billion by 2029.
Figma Inc. provides a browser-based platform for design, prototyping, and building digital experiences.
2. X-Energy, Inc. (NASDAQ:XE)
Number of Hedge Fund Holders: N/A
Upside Potential: 76.25%
X-Energy, Inc. (NASDAQ:XE) is one of the Most Promising New Technology Stocks to Buy According to Analysts. X-Energy, Inc. (NASDAQ:XE) has declined roughly 28% over the past month. The decline comes as the initial IPO fever cooled down.
The company had a successful IPO in April 2026 and raised around $1.1 billion in net proceeds. The Street expects more than 76% upside from the current levels. The bullish sentiment is mainly driven by a project pipeline of 144 reactors totaling roughly 11.5 gigawatts of electricity. Moreover, the company also has key strategic partnerships with Dow, Amazon, and Centrica.
On June 4, the company reported fiscal Q1 2026 earnings. During the quarter, X-Energy, Inc. reported revenue and grant income of $43.4 million, reflecting 109% year-over-year increase. This was mainly driven by a $21.6 million increase in activities related to the Advanced Reactor Demonstration Program with the US Department of Energy.
On June 23, Marc Bianchi of TD Cowen maintained a Buy rating on the stock with a price target of $35. The analyst maintained the price target despite a recent pullback and noted that the sell-off was overdone when compared to the underlying fundamentals of the company. The key concern driving the pullback was a delay in the Amazon/Energy Northwest construction permit application, which is now pushed into the first half of 2027. However, Bianchi does not see this as disrupting the broader project timeline, particularly as Amazon appears to remain actively engaged with the initiative.
X-Energy Inc. is a US-based nuclear technology company that develops advanced nuclear reactors and fuel solutions, including the Xe-100 reactor and TRISO-X fuel. The company focuses on delivering next-generation clean energy technologies.
1. PayPay Corporation (NASDAQ:PAYP)
Number of Hedge Fund Holders: 17
Upside Potential: 98.06%
PayPay Corporation (NASDAQ:PAYP) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Recently, on June 8, Yoshitaka Nagao from Bank of America Securities maintained a Buy rating on the stock with a price target of $26.
The firm noted the recent acquisition of T&D Financial Life as a strategically sound move that strengthens its long-term positioning. On June 4, PayPay Corporation acquired a 70.2% stake in T&D Financial Life at just over 1.0x embedded value. Nagao views the price as full but fair, and notes that it is funded entirely from existing cash, suggesting no equity dilution and no strain on balance sheet flexibility.
The analyst sees the addition of a savings-focused life insurer as a meaningful expansion of PayPay’s digital financial platform. The firm noted that with over 74 million users already on the platform, the company is well placed to offer end-to-end financial services across different life stages. In terms of profitability, analyst Nagao believes that internalizing asset management and optimizing reinsurance arrangements should improve spread-based earnings over time.
PayPay Corp. is a financial technology company that serves users and merchants in Japan. The company facilitates mobile Payments via its app, as well as banking & lending, investment & securities, CFD trading, asset management, and credit & financing services. It also offers value-added services, such as insurance and marketing, with the option to subscribe.
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