On March 5, Chris McMahon, President and CEO at Aquinas Wealth Advisors, appeared on a Schwab Network interview to discuss his investment strategy and outlook amidst the volatility. He expects the current war situation to cool down quickly and also believes that the oil prices would normalize sooner than expected. McMahon told Schwab Network that if we take a step back and look at the broader picture, the market is strong and presents a great opportunity for long term investment. He highlighted that companies are posting earnings and the interest rates are expected to come down, as McMahon believes two rate cuts in 2026.
McMahon further noted that while the market is expected to broaden out, he expects Microsoft among the Mag 7 to remain strong despite the rotation. He also highlighted that on the AI side sectors including AI infrastructure and energy companies have significant business opportunities. McMahon particularly noted liking Siemens in the AI energy sector and believes it is undervalued by the market.
With that, let’s take a look at the Best IT Stocks to Buy According to Wall Street Analysts.
Our Methodology
We used screeners to identify IT stocks with an average upside potential of at least 30%, and 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11 Best IT Stocks to Buy According to Wall Street Analysts
11. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 4, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA)’s latest comments suggest that the company may be nearing the end of its investments in AI leaders OpenAI and Anthropic as both firms eye potential public listings.
At a recent Morgan Stanley conference, Nvidia CEO Jensen Huang noted that a $100 billion dollar investment in OpenAI is probably not in the cards as the company expects an IPO. He also noted that the $10 billion stake in Anthropic is likely Nvidia’s final one, amid reports of the startup’s potential public debut despite its ongoing Pentagon dispute.
In September 2025, Nvidia and OpenAI had discussed a potential $100 billion deal. However, Nvidia recently finalized a $30 billion investment deal calling it to be the last opportunity to invest in a “consequential company.” Moreover, a recent report by the Financial Times also suggests that Nvidia and OpenAI have abandoned their $100 billion deal considering the health of the AI sector.
NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.
10. Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On February 26, Microsoft Corporation (NASDAQ:MSFT) announced that it is collaborating with ASUS and Dell to launch two new Cloud PC devices including the ASUS NUC 16 and Dell Pro Desktop.
Management highlighted that the Cloud PC devices are designed for seamless access to Windows 365 Cloud PCs. These PCs can boot directly into the cloud-hosted Windows environment, eliminating local data, apps, or admin access to minimize vulnerabilities. Microsoft launched Windows 365 Link in 2024, which pioneered this device category by allowing users to connect to their Cloud PCs in seconds through a locked-down OS called Windows CPC. The company has collaborated with ASUS and Dell to expand the Cloud PC device portfolio.
ASUS NUC 16 is a 0.7L mini-PC supporting up to three displays and is expected to be generally available in Europe and the US by Q3 2026. On the other hand, Dell Pro Desktop, is a fanless, durable design with three-display support and flexible mounting. It is expected to launch in 58 countries by Q3 2026.
Melius Research and Stifel recently downgraded the stock to Hold. You can read more here.
Microsoft Corporation (NASDAQ:MSFT) is an American technology company that specializes in AI-powered cloud, productivity, and business solutions. The company develops and markets software, services, and hardware.
9. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ:AVGO) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 4, Broadcom Inc. (NASDAQ:AVGO) announced fiscal Q1 2026, surpassing Wall Street estimates. The company grew its revenue by 29% year-over-year to $19.31 billion along with non-GAAP EPS of $2.05.
Wall Street had expected earnings of $2.02 per share with a quarterly revenue of $19.21 billion. Management noted fiscal Q1 revenue to be driven by strength in AI semiconductor solutions as the AI revenue for the quarter grew 106% year-over-year to $8.4 billion. The growth in this segment was attributed to strong demand for AI accelerators and AI networking.
It further said that it expects fiscal Q2 2026 revenue to grow around 47% year-over-year to reach $22.0 billion, with adjusted EBITDA of 68%. The company also highlighted that its board of directors had authorized a new share buyback of up to $10 billion.
Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs and supplies products, including custom chips, networking solutions, and enterprise software used across industries such as cloud computing, telecommunications, and data centers.
8. ASML Holding N.V. (NASDAQ:ASML)
ASML Holding N.V. (NASDAQ:ASML) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 3, UBS analyst Francois Xavier Bouvignies maintained a Buy rating on the stock with a price target of €1,500.
A day earlier, on March 2, ASML Chief Technology Officer Marco Pieters told Reuters that they plan to expand beyond their core EUV lithography technology into the booming AI chip market. Pieters said:
“We look, not just for the next five years, we look at the next 10, maybe 15 years, (We look at) what are potential directions the industry could take, and what would it require in terms of packaging, bonding, etc.?”
The report highlighted that ASML holds a monopoly on extreme ultraviolet (EUV) lithography machines, which are essential for producing the most advanced AI chips by companies like TSMC and Intel. The firm has invested billions over a decade, with a next-generation EUV product nearing production and the third generation in research.
Looking ahead, ASML Holding N.V. (NASDAQ:ASML) plans to develop tools for gluing and connecting multiple specialized chips, a process called advanced packaging critical for AI processors and high-bandwidth memory.
ASML Holding N.V. (NASDAQ:ASML) is a Dutch company that develops, produces, and services advanced photolithography machines essential for semiconductor manufacturing.
7. Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 3, Piper Sandler reiterated an Overweight rating on Palantir Technologies Inc. (NASDAQ:PLTR) with a $230 price target.
The rating affirmation follows President Trump’s order to every federal agency to stop using Anthropic. On March 1, The Pentagon, Department of Defense, and Treasury Department designated Anthropic as a national security supply-chain risk following a public dispute. This has led to contract cancellations and a six-month phase-out of its technology from military and intelligence systems.
Piper Sandler noted that de-platforming Anthropic could cause short-term disruptions to Palantir’s operations and new government program implementations. This is because Palantir provides infrastructure for Anthropic’s Claude model in secure environments.
Piper Sandler noted that Anthropic is a pioneer in AI for data-sensitive settings but emphasized that Palantir can replace it with other vendors. The firm noted that the onboarding would divert time and resources of the company from growth initiatives.
Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms for data integration, analytics, and decision-making, serving government agencies and commercial enterprises. Its products, including Palantir Foundry and Gotham.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best IT Stocks to Buy According to Wall Street Analysts. Advanced Micro Devices, Inc. (NASDAQ:AMD) has fallen more than 16% since its fiscal Q4 2025 earnings reported on February 3. The Street remains bullish on the stock with analysts 12-month price target suggesting more than 48% upside from the current levels and 80% of the 55 analysts covering the stock maintaining a Buy rating.
Recently, on March 2, Timothy Arcuri from UBS reiterated a Buy rating on the stock but lowered the price target from $330 to $310. Earlier, on February 25, Gil Luria from D.A. Davidson reiterated a Hold rating on the stock with a price target of $220.
Advanced Micro Devices, Inc. (NASDAQ:AMD) delivered 34.11% year-over-year revenue growth during the quarter to reach $10.27 billion and topped the estimates by $599.73 million. The EPS of $1.53 also exceeded estimates by $0.21. Management attributed revenue growth to be driven by strong performance in the data center, client, and gaming segments.
It noted that it expects “semi-custom SoC annual revenue to decline by a significant double-digit percentage as we enter the seventh year of what has been a very strong console cycle.” As a result, the fiscal Q1 2026 revenue is expected around $9.8 billion, reflecting a 5% sequential decline and 32% growth year-over-year.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a number of high-growth industries like gaming, data centers, and AI.
5. Salesforce, Inc. (NYSE:CRM)
Salesforce, Inc. (NYSE:CRM) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 2, Phillip Securities analyst Paul Chew maintained a Buy rating on the stock with a price target of $253.
The analyst said in a research note that the positive rating is based on the company’s strong performance in fiscal 2026 and optimism for continuation in fiscal 2027. Salesforce, Inc. (NYSE:CRM) topped its adjusted profit and EPS expectations during fiscal 2026. The analyst expects the company to post double-digit revenue growth in fiscal 2027 driven by Platform Cloud momentum.
Chew also highlighted in his note that Salesforce is expanding AI revenues. He also likes the rapid adoption of Agentic AI by existing customers, which drives margin gains as AI infrastructure costs fall.
On the same day, Tyler Radke from Citi reiterated a Hold rating on the stock but raised the price target from $197 to $200.
Salesforce Inc. (NYSE:CRM) provides customer relationship management software and cloud-based enterprise applications. Its core offerings include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and the analytics platform Tableau.
4. Uber Technologies, Inc. (NYSE:UBER)
Uber Technologies, Inc. (NYSE:UBER) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 2, Uber Technologies, Inc. (NYSE:UBER) presented its strategic roadmap at the Morgan Stanley Technology, Media & Telecom Conference 2026.
The recently appointed CFO Balaji noted that they are focusing on five main pillars to balance growth and returns, backed by strong cash generation. These pillars include reinvestment in core business, strategic AV investment, high merger and acquisition bar, shareholder returns, and maintain an investment grade rating.
Management also discussed financial and growth highlights including generating $10 billion in free cash flow and returning over $6 billion to shareholders last year. In addition, Uber is experiencing increased user engagement through cross platform, as users active on multiple services delivered 3 times more gross bookings and profits as compared to single-use.
Looking ahead, management aims at Level 4 readiness for 2027 through OEM partnerships and infrastructure buildout. Moreover, the company expects that autonomous vehicles and grocery combined can add more than $20 billion gross bookings by 2029.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
3. Accenture plc (NYSE:ACN)
Accenture plc (NYSE:ACN) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 3, Accenture plc (NYSE:ACN) announced its strategic agreement to acquire Ookla, which is a company known for its tools including Speedtest, Downdetector, Ekahau, and RootMetrics.
Management noted that this strategic acquisition is aimed at enhancing the company’s offerings in network intelligence, helping telecoms, and big cloud players. Moreover, the deal will also help regular enterprises fine-tune their Wi-Fi and 5G networks, especially as AI ramps up demand for flawless connectivity.
Accenture plc (NYSE:ACN) also highlighted that Ookla records over 1,000 data points per test from more than 250 million monthly user tests and blends real-world speed, signal strength, and user feel. Management sees this as key for clients to measure, optimize, and secure performance amid AI growth.
Accenture plc (NYSE:ACN) operates as a global professional services company. It provides services and solutions across strategy and consulting, technology, operations, Industry X, and Song.
2. Arm Holdings plc (NASDAQ:ARM)
Arm Holdings plc (NASDAQ:ARM) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On February 27, Vivek Arya from Bank of America Securities raised the firm’s price target on Arm Holdings plc (NASDAQ:ARM) from $135 to $140, while maintaining a Hold rating.
The analyst said in a research note that the bullish outlook is based on the company’s strong positioning in the AI-driven CPU market. He emphasized that Arm Holdings has the potential to capture significant market share as the market shifts towards AI interference workloads.
Arya noted that AI inference is “control-heavy” and demands more CPUs as AI is transitioning away from just training to inference. This positions the company favorably as data-center workloads evolve. The analyst also highlighted in his note that the CPUs are projected to hold a steady 4% to 5% of the $1.4 trillion AI data center total addressable market .
Moreover, BofA forecasts the server CPU total addressable market will double from $27 billion in 2025 to $60 billion by 2030, at a 17% CAGR. Out of this, 70% growth is expected to originate from AI servers. This growth supports Arm’s path to more than 20% – 25% market share by 2030, up from a prior 15% – 20% estimates.
Arm Holdings (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers.
1. Palo Alto Networks, Inc. (NASDAQ:PANW)
Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 2, Palo Alto Networks, Inc. (NASDAQ:PANW) announced an expanded security ecosystem for AI factories. The ecosystem includes partnerships with major companies including Nokia, U Mobile, Aeris, and Celerway, and was announced at Mobile World Congress in Barcelona.
Management highlighted that these partnerships aim to secure the shift toward sovereign AI and autonomous edge computing in 5G and IoT environments, ensuring multi-terabit throughput without sacrificing performance. Notably, the collaboration with Nokia targets European giga factories where Nokia’s data center infrastructure will be blended with Palo Alto’s platforms to deliver scalable, sovereign data centers.
Similarly, the deal with U Mobile targets Malaysia’s emerging 5G market and involves a MoU for network-embedded Security-as-a-Service. Moreover, the partnership with Aeris is aimed at integrating IoT Watchtower with Palo Alto’s Prisma SASE 5G, enabling unified visibility, data loss prevention, and zero-trust policies for billions of devices in sectors including healthcare and manufacturing.
Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity.
While we acknowledge the potential of PANW 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 PANW and that has 100x upside potential, check out our report about this cheapest AI stock.
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