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. (NASDAQ:SPCX) 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. (NYSE:RBRK) 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. (NYSE:RBRK) 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. (NYSE:RDDT) 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. (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.
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. (NASDAQ:SAIL) 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.
While we acknowledge the potential of SAIL 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 SAIL and that has 100x upside potential, check out our report about the cheapest AI stock.
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