In this article, we will take a look at the 11 Best Information Technology Services Stocks to Invest In.
The global Information Technology (IT) industry is making massive strides with the integration of AI across various products and services. IT companies are leveraging AI to enhance efficiency, improve customer experience, and drive innovation. According to a survey by McKinsey, the reported use of AI increased in 2024, with 78% of respondents stating that their companies are using AI in at least one business function, up from 72% in early 2024 and 55% compared to 2023. Information Technology has experienced the highest adoption of AI, with respondents reporting growth in AI use from 27% to 36% over the last six months, as of March 12.
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AI is assisting in automating tasks, personalizing user experiences, and developing new AI-powered products and services. “As companies like Alphabet and Meta race to deliver on the promise of AI, capital expenditures are shockingly high and will remain elevated for the foreseeable future,” said Debra Aho Williamson, founder and chief analyst at Sonata Insights. Debra believes that if the core businesses remain strong, it will buy these companies more time with investors and create confidence that the billions being spent on infrastructure and human capital are worthwhile.
Information Technology Services Market Outlook
According to Fortune Business Insight, the global information technology services market was valued at $1.34 trillion in 2024. It is expected to grow from $1.43 trillion in 2025 to $2.32 trillion by 2032, indicating a compound annual growth rate of 7.2% between 2025 and 2032. North America is the leading region in the global IT services industry with a market share of 41.04%, as of 2024. Whereas, Asia-Pacific remains one of the fastest-growing regions due to rising digital transformation efforts and increasing demand for IT outsourcing in emerging countries.
With these trends in view, let’s take a look at the 11 Best Information Technology Services Stocks to Invest In.
A data center operator working on a rack of servers, emphasizing the company’s cloud services.
Our Methodology
To compile our list of the 11 best information technology services stocks to invest in, we searched IT services stocks through the Finviz screener. We shortlisted the companies with market capitalization over $1 billion and analyst upside of equal to or more than 20%. We have ranked the best information technology services stocks to buy in ascending order of the analyst upside. The data for analyst upside was taken from CNN. We have also mentioned the number of hedge funds holding stakes in these stocks, and the data for hedge funds is taken from Insider Monkey’s Hedge Fund database, updated as of Q1 2025. Please note that the remaining data was collected on July 30.
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).
11 Best Information Technology Services Stocks to Invest In
11. Accenture plc (NYSE:ACN)
Analyst Upside: 22.20%
Number of Hedge Fund Holders: 69
Accenture plc (NYSE:ACN) is one of the best information technology services stocks to invest in. On July 31, Accenture plc (NYSE:ACN) announced a strategic investment in YearOne.
YearOne is a company that assists organizations in speeding software development via its data-driven software engineering intelligence platform. The investment will be led by Accenture Ventures, and Accenture will partner with YearOne. The partnership will help businesses accelerate the span of digital product development with AI-powered visibility, coaching, and performance optimization.
“YearOne’s platform can provide organizations with the clarity needed to develop innovative capabilities and strategic vision to move forward with confidence and purpose,” said Tom Lounibos, global lead for Accenture Ventures.
Accenture will use YearOne’s platform to create a benchmark for engineering performance and output that can help organizations spot grey areas and leverage AI tools for efficiency gains. YearOne brings real-time workflows, individuals, and teams into a single system of intelligence that fills the gap between data, behaviour, and execution.
Accenture plc (NYSE:ACN) is a leading professional IT services firm engaged in offering solutions across strategy and consulting, technology, operations, and Industry X and Song.
10. Ingram Micro Holding Corporation (NYSE:INGM)
Analyst Upside: 22.70%
Number of Hedge Fund Holders: 13
Ingram Micro Holding Corporation (NYSE:INGM) is one of the best information technology services stocks to invest in. On July 15, Ingram Micro Holding Corporation (NYSE:INGM) announced a distribution agreement with CloudBolt, a leading Cloud ROI Company.
Under the alliance, Ingram Micro will access CloudBolt’s leading cloud management and augmented FinOps platform. Whereas, CloudBolt will have access to Ingram’s thousands of managed service providers (MSPs) and value-added resellers (VARs). MSPs and VARs will have better access to meet the growing need to enhance legacy IT services, making Ingram’s services more scalable.
“Modernization continues to bring opportunity forward for our channel partners, and we’re pleased to add CloudBolt’s proven suite of products to our portfolio. From full-scale FinOps to orchestration to Kubernetes optimization, we’re working together to better enable our MSPs to expand their cloud services and deliver greater value to customers across the cloud lifecycle,” said John Kinnan, Executive Director, Modern Infrastructure, Ingram Micro.
The following CloudBolt services will be available to Ingram Micro partners, including Cloud Management Platform, Hybrid Cloud Management, Augmented FinOps, Kubernetes Optimization, and Infrastructure Modernization.
Ingram Micro Holding Corporation (NYSE:INGM) is engaged in the distribution of IT products, cloud, and services globally. The company’s products and services consist of client and endpoint solutions, advanced solutions, cloud-based solutions, and others.
9. GDS Holdings Limited (NASDAQ:GDS)
Analyst Upside: 25%
Number of Hedge Fund Holders: 36
GDS Holdings Limited (NASDAQ:GDS) is one of the best information technology services stocks to invest in. On July 29, GDS Holdings Limited (NASDAQ:GDS) released its 2024 Environmental, Social and Governance (ESG) report.
In 2024, GDS Holdings Limited recorded a renewable usage rate of 40% through its renewable energy transition strategy. Almost 64% of the company’s renewable usage came from purchased green power, reflecting over a 100% increase compared to 2023. 87% of GDS’ self-developed data centers are designed, constructed, and operated under green building standards. The company now has 42 data centers certified as green data centers. The company also improved its average Power Usage Effectiveness (PUE) from 1.28 in 2023 to 1.24 in 2024.
“Over the past year, we have continued to drive forward on our path to carbon neutrality by 2030. By integrating sustainability into our core activities, we ensure that our approach not only enhances operational excellence but also upholds responsible corporate governance. I am excited about the future we are forging, and am confident that our innovative practices will foster enduring growth for our Company and continue to lead our industry forward,” said Mr. William Huang, Chairman and CEO of GDS.
The ESG initiatives have helped GDS to notably reduce its carbon intensity, resulting in a 15.8% decrease compared to 2023.
GDS Holdings Limited (NASDAQ:GDS) is a holding company in the IT services and consulting sector. The company is mainly engaged in the development and operation of high-performance data centers.
8. ExlService Holdings, Inc. (NASDAQ:EXLS)
Analyst Upside: 26.20%
Number of Hedge Fund Holders: 29
ExlService Holdings, Inc. (NASDAQ:EXLS) is one of the best information technology services stocks to invest in. On July 30, ExlService Holdings, Inc. (NASDAQ:EXLS) announced its partnership with Genesys, a global cloud provider in AI-powered experience orchestration.
In collaboration with Genesys, ExlService will transform customer engagement and business operations across industries. Both companies combine their capabilities to leverage data-driven insights, improve conversion rates, and drive meaningful business outcomes. EXL’s data and AI capabilities will integrate into the Genesys orchestration engine to transform customer interaction into a strategic lever for enhancing experience and stimulating growth.
“Today’s customers don’t just want better experiences – they demand seamless, intuitive interactions powered by real-time intelligence. By bringing together EXL’s data-driven expertise and agentic solutions with the Genesys Cloud platform, we’re enabling companies to transform customer engagement and deliver measurable, lasting impact,” said Anand Logani, chief digital and AI officer at EXL.
The collaborative offering will serve enterprises across industries, including banking, insurance, healthcare, and retail. ExlService and Genesys are on a mission to unlock greater engagement and long-term loyalty through predictive data-based engagement models and intelligent personalization.
ExlService Holdings, Inc. (NASDAQ:EXLS) is a global data and AI company that provides services and solutions to enhance client business models, drive better outcomes, and unlock growth with speed.
7. Fiserv, Inc. (NYSE:FI)
Analyst Upside: 27.44%
Number of Hedge Fund Holders: 72
Fiserv, Inc. (NYSE:FI) is one of the best information technology services stocks to invest in. On July 29, Mizuho lowered the price target on Fiserv, Inc. (NYSE:FI) stock from $194 to $165, keeping its Outperform rating.
Dan Dolev from Mizuho made a significant decrease to his price target on FI following the Q2 2025 results. Fiserv posted revenue of $5.20 billion during Q2, which missed estimates by a slight margin of $3.25 million. The adjusted earnings came in at $2.47 per share, surpassing consensus by $0.04. The company experienced an 8% adjusted and organic revenue growth year-over-year and a 16% increase in adjusted earnings per share. Despite this notable growth, Dolev cites reduced organic growth expectations for the target cut. Fiserv revised its full-year 2025 organic revenue growth guidance to almost 10%, at the low end of its previous range. The revision reflects delays in product launches and strategic initiatives.
The analyst also mentioned that Fiserv’s $3.5 billion Clover revenue is feasible but likely requires a better yield. Dolev believes that this may be a challenge, as channel checks suggest that previous price hikes have weighed on growth. The company’s Clover revenue posted a 30% growth from a year ago.
Fiserv, Inc. (NYSE:FI) is an IT services and solutions provider, primarily focused on payments and financial services technology solutions. It serves through two segments: Merchant Solutions and Financial Solutions.
6. CGI Inc. (NYSE:GIB)
Analyst Upside: 30.54%
Number of Hedge Fund Holders: 22
CGI Inc. (NYSE:GIB) is one of the best information technology services stocks to invest in. On July 28, CGI Inc. (NYSE:GIB) announced the launch of CGI SpeedOps.
CGI SpeedOps is a business operations transformation solution that brings advanced technologies, such as AI, with business expertise to offer smart operations and sustainable value for clients. CGI’s latest business operation solution will serve clients across commercial and public sector industries.
“CGI SpeedOps is a cornerstone of our BPO 5.0 strategy and a key enabler for clients looking to transform their business operations. As we extend into new markets, the platform will empower clients with the agility, intelligence, and resilience required to lead in a digital-first world,” said Paulo Oliveira, Vice-President, Consulting Services, CGI in Portugal.
CGI SpeedOps is in production, and the company is expanding it globally. The solution is already outsourced to client operations across the energy and utilities and banking sectors. The solution is built on a fluid and scalable platform, connecting people, processes, data, and systems.
CGI Inc. (NYSE:GIB) is an IT and business consulting services firm that delivers an end-to-end portfolio of solutions, including strategic IT and business consulting, systems integration, and managed IT and business process services, among others.
5. EPAM Systems, Inc. (NYSE:EPAM)
Analyst Upside: 31.12%
Number of Hedge Fund Holders: 46
EPAM Systems, Inc. (NYSE:EPAM) is one of the best information technology services stocks to invest in. On July 16, Deutsche Bank resumed coverage on EPAM Systems, Inc. (NYSE:EPAM) stock with a Hold rating and a price target of $171.
Nate Svensson from Deutsche Bank resumed his coverage on EPAM, which was among the 25 other stocks in the payments, processors, and IT services industry. Svensson mentioned that both industries have underperformed the S&P 500 year-to-date. The analyst believes that the trade uncertainty and consumer spending concerns indicate a cloudy outlook for the group, citing “as it has been in the last five years.”
EPAM Systems is set to announce its Q2 2025 earnings on August 7, with the average earnings per share estimated at around $2.61 and revenue of around $1.33 billion. During Q1 2025, the company posted adjusted EPS of $2.41, up from the estimated $2.27, and revenue exceeded estimates by $19.43 million to $1.30 billion.
EPAM Systems, Inc. (NYSE:EPAM) is a global IT services and consulting firm that offers digital engineering, cloud, and AI-enabled transformation services to businesses.
4. Globant S.A. (NYSE:GLOB)
Analyst Upside: 33.85%
Number of Hedge Fund Holders: 31
Globant S.A. (NYSE:GLOB) is one of the best information technology services stocks to invest in. On July 25, Globant S.A. (NYSE:GLOB) announced its partnership with OpenAI.
Globant and OpenAI have entered into a multi-year collaboration as they will accelerate secure, responsible, and scalable AI adoption across enterprises globally. Globant will combine its deep digital engineering and AI delivery frameworks with OpenAI’s leading AI models to assist enterprises in moving beyond experimentation and embedding AI into real workflows.
“We’re honored to be among OpenAI’s global services partners, and especially proud to be the first partner based in Latin America. This recognition reflects Globant’s deep technical expertise, our culture of innovation, and our ability to scale transformative AI solutions across industries. As a trusted leader in digital evolution, we’re excited to help shape the responsible adoption of generative AI for customers around the world,” said Martín Migoya, Co-founder and CEO of Globant.
The early deployments are already delivering results. Cordis, a leading medical devices firm, collaborated with Globant to implement ChatGPT Enterprise across its departments. In the first four months, over 200 employees adopted the platform, and 95% of the users have reported weekly productivity gains of almost 15%. The partnership with OpenAI is a major move for Globant.
Globant S.A. (NYSE:GLOB) is a digitally native technology services firm that bridges the gap between businesses and consumers through technology and creativity using AI.
3. Gartner, Inc. (NYSE:IT)
Analyst Upside: 34.67%
Number of Hedge Fund Holders: 51
Gartner, Inc. (NYSE:IT) is one of the best information technology services stocks to invest in. On July 18, Wells Fargo lowered the price target on Gartner, Inc. (NYSE:IT) from $400 to $345, keeping its Underweight rating on the stock.
Jason Haas from Wells Fargo reduced his price target on IT ahead of its Q2 2025 earnings release on August 5. The analyst sees risk skewed to the downside ahead of the earnings. Haas expects Gartner, Inc. (NYSE:IT) to miss Wall Street estimates influenced by federal government headwinds, while the management is expected to reiterate full-year revenue guidance with a boost from FX.
Wall Street analysts expect Gartner to post average earnings of $3.31 per share during Q2 and revenue of around $1.67 billion. The company has only missed earnings estimates once in the last two years.
Gartner, Inc. (NYSE:IT) is an IT services and consulting firm that delivers actionable, objective insight to executives and their teams. The company operates through the following segments: Research, Conferences, and Consulting.
2. Applied Digital Corporation (NASDAQ:APLD)
Analyst Upside: 39.58%
Number of Hedge Fund Holders: 26
Applied Digital Corporation (NASDAQ:APLD) is one of the best information technology services stocks to invest in. On July 31, H.C. Wainwright raised its price target on Applied Digital Corporation (NASDAQ:APLD) from $12 to $15, maintaining its Buy rating on the stock.
Kevin Dede from H.C. Wainwright increased his price target on APLD following the strong Q4 FY2025 results. Applied Digital posted $38 million in revenue, up by 41% year-over-year. The company signed a major transformative 15-year lease agreement with CoreWeave, which is expected to generate nearly $7 billion in contracted revenue. Dede sees the CoreWeave deal extension as a key development for the company and pointed out that the deal confirms Applied Digital’s “elite datacenter infrastructure provider status.”
With robust growth across its data center hosting business, Applied Digital has also reduced projected build times from two years to 12-14 months. This will enhance efficiency in delivering large-scale commitments.
Applied Digital Corporation (NASDAQ:APLD) is a designer, developer, and operator of next-generation digital infrastructure across North America. The company offers cloud and digital infrastructure solutions for high-performance computing (HPC) and AI.
1. VNET Group, Inc. (NASDAQ:VNET)
Analyst Upside: 49.32%
Number of Hedge Fund Holders: 34
VNET Group, Inc. (NASDAQ:VNET) is one of the best information technology services stocks to invest in. On June 27, VNET Group, Inc. (NASDAQ:VNET) authorized a share repurchase program worth $50 million of its American depositary shares (ADSs).
VNET’s board has decided to repurchase its ADSs up to $50 million to underscore its confidence in the company’s future development and growth prospects. Depending on market conditions, the company may repurchase stock from time to time on the open market at the prevailing market price, in open-market transactions, block trades, or through other legal means.
VNET Group, Inc. (NASDAQ:VNET) also raised its full-year 2025 guidance, increasing the net revenue from the previous guidance of RMB 9.10-9.30 billion to RMB 9.15-9.35 billion. Whereas, the adjusted EBITDA guidance is raised from RMB 2.70-2.76 billion to RMB 2.76-2.82 billion. The raised guidance for the full year indicates a robust trajectory driven by faster-than-anticipated move-ins among wholesale IDC clients and operational efficiency gains.
VNET Group, Inc. (NASDAQ:VNET) is a holding company primarily engaged in carrier-neutral and cloud-neutral data center services. The company offers managed hosting services, cloud services, and virtual private network services.
While we acknowledge the potential of VNET 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 VNET and that has 100x upside potential, check out our report about this cheapest AI stock.
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