In this article, we will look at the 11 Best Mid Cap Tech Stocks to Buy According to Analysts.
On November 11, Seema Shah, Chief Global Strategist at Principal Asset Management, appeared on CNBC television to discuss the AI trade and related concerns about a growing tech bubble. Shah noted the volatility within the AI trade is inherent, considering the valuations and capital expenditure that are going into AI. However, she highlighted that in the broader picture, the valuations of the AI and tech companies are significantly lower compared to those during the dotcom bubble. Shah acknowledged concerns, including leverage finance and secular trends, which suggest that the bubble might be growing. However, the fundamentals of these companies are reassuring and suggest that the AI narrative can continue with some air pockets along the way.
While talking about the concerns regarding increased debt financing of the Mag 7 and the rest of the S&P 500 companies, Shah noted that the debt financing of the AI and tech companies remains significantly lower compared to the rest of the market. However, she highlighted that this factor needs to be kept in check as it can fuel the bubble and has the potential to impact the rest of the market.
In addition, Shah also talked about the potential beneficiaries of the government shutdown being lifted. She noted that one of the key factors regarding the shutdown is the missing economic data; lifting the shutdown will unveil this macro-level data, which is expected to put the Federal Reserve’s December cut back on the table. She believes that a rate cut would further benefit the technology sector in general, along with aiding the cyclical side of the market.
With that, let’s take a look at the 11 Best Mid Cap Tech Stocks to Buy According to Analysts.
A technical stock market chart. Photo by Energepic from Pexels
Our Methodology
To curate the list of 11 Best Mid Cap Tech Stocks to Buy According to Analysts, we used the Finviz Stock Screener, CNN, WSJ, and Insider Monkey’s Q2 2025 database. Using the screener, we aggregated a list of mid-cap technology stocks (Market Cap between $2 billion – $10 billion) with more than 30% analyst upside potential. Next, we cross-checked the market cap from WSJ and the analyst upside from CNN. Lastly, we ranked the stocks in ascending order of the analyst upside. We have also added the hedge fund sentiment around each stock, sourced from Insider Monkey’s database. Please note that the data was recorded on November 10, 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).
11 Best Mid Cap Tech Stocks to Buy According to Analysts
11. Applied Digital Corporation (NASDAQ:APLD)
Market Capitalization: $8.66 billion
Number of Hedge Fund Holders: 28
Analyst Upside Potential: 30.73%
Applied Digital Corporation (NASDAQ:APLD) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 6, Michael Grondahl from Northland Securities reiterated a Buy rating on Applied Digital Corporation (NASDAQ:APLD) with a price target of $40.
The company has been on Wall Street’s radar since it announced its lease agreement on October 22 with a US-based investment-grade hyperscaler valued at $5 billion. Under the agreement, which spans approximately 15 years, Applied Digital Corporation (NASDAQ:APLD) will deliver 200 MW of critical IT capacity at Polaris Forge 2 Campus in North Dakota. This agreement, combined with the previous deal to deliver IT load to support the hyperscaler at Polaris Forge 1, has taken the company’s total lease capacity to 600 MW.
In addition, Applied Digital Corporation (NASDAQ:APLD) has already begun making progress on its Phase 1 at Polaris Forge 1, which is being built for CoreWeave. On October 27, the company announced that it had achieved a successful, on-time Ready for Service milestone for the first 50 MW at Polaris Forge 1 AI Factory in North Dakota. Wes Cummins, CEO of Applied Digital, noted the company is on track to deliver the next 50 MW before the end of the year.
Applied Digital Corporation (NASDAQ:APLD) is a technology company that designs and operates advanced digital infrastructure across North America. Its technologies focus on data centers for blockchain, high-performance computing, and AI applications.
10. ExlService Holdings, Inc. (NASDAQ:EXLS)
Market Capitalization: $6.28 billion
Number of Hedge Fund Holders: 41
Analyst Upside Potential: 31.51%
ExlService Holdings, Inc. (NASDAQ:EXLS) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On October 30, Puneet Jain from J.P. Morgan reiterated a Buy rating on ExlService Holdings, Inc. (NASDAQ:EXLS) but lowered the price target from $52 to $49. Earlier, on October 29, Bryan Bergin from TD Cowen also reiterated his Buy rating with a $52 price target.
The reiteration comes after the company reported strong fiscal Q3 2025 results on October 28, beating revenue and EPS estimates by $7.13 million and $0.01, respectively. Revenue grew 12% year-over-year to $530 million, and EPS rose 11% to $0.48, during the same time. Management attributed the double-digit growth to a 9% increase in its Insurance segment revenue, which benefited from clients transitioning to AI-powered operations. Notably, approximately 56% of total revenue came from ExlService’s data and AI-powered solutions and services.
In addition, more than 75% of the company’s revenue is recurring. Management expects both the insurance and Healthcare and Life Sciences to continue growing, driven by increased adoption of AI workflows. Consequently, full-year revenue guidance was raised to a range of $2.07 billion to $2.08 billion, up from the previous range of $2.050 billion to $2.07 billion.
Analyst Bryan Bergin of TD Cowen commented that he expects the revenue growth trend to continue, driven by clients getting more comfortable with GenAI and agentic scaling.
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.
9. Core Scientific, Inc. (NASDAQ:CORZ)
Market Capitalization: $6.26 billion
Number of Hedge Fund Holders: 78
Analyst Upside Potential: 33.73%
Core Scientific, Inc. (NASDAQ:CORZ) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 3, Gautam Chhugani from Bernstein raised the firm’s price target on Core Scientific, Inc. (NASDAQ:CORZ) from $17 to $24 and assigning a Buy rating.
Data centers are a major challenge for building AI systems due to their inherent high electricity demands. Chhugani noted that bitcoin miners are becoming an integral part of the AI value chain as they can offer ready-to-use, energy-powered spaces sufficient to power AI data centers. As a result, US bitcoin mining companies are now focusing on extracting more value from their energy resources in addition to mining more bitcoins.
Alongside Chhugani’s bullish outlook, several Wall Street analysts remain positive on Core Scientific, Inc. (NASDAQ:CORZ). For instance, on October 31, George Sutton from Craig-Hallum upgraded the stock from Hold to Buy and assigned a $27 price target. The upgrade follows the company’s announcement on October 30, noting the termination of its merger agreement with CoreWeave. Management noted that shareholders voted against the proposal to end months-long merger campaigns and discussions.
This is the second time Core Scientific, Inc. (NASDAQ:CORZ) has rejected CoreWeave’s attempt to buy the company in an all-cash buyout offer. Reuters cited D.A. Davidson analyst Gil Luria commenting on the terminated merger, saying,
“(Shareholders) believe their value should be higher based on current valuations of comparable companies, which we see as more a sign of AI trade froth than actual economic value.”
Core Scientific, Inc. (NASDAQ:CORZ) provides digital infrastructure for high-density colocation and digital asset mining.
8. monday.com Ltd. (NASDAQ:MNDY)
Market Capitalization: $9.63 billion
Number of Hedge Fund Holders: 67
Analyst Upside Potential: 37.14%
monday.com Ltd. (NASDAQ:MNDY) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 10, monday.com Ltd. (NASDAQ:MNDY) released results for its fiscal Q3 2025. The revenue grew 26.24% year-over-year to $316.86 million, surpassing estimates by $4.59 million and the EPS of $1.16 topped estimates by $0.28.
The fiscal Q3 results exceeded expectations, driven by a 26% year-over-year revenue growth. However, management’s fiscal Q4 revenue guidance of $328 million and $330 million fell short of the analysts’ consensus of $333.79 million. As a result, several Wall Street analysts lowered their price targets on the stock, while maintaining a positive outlook.
For instance, on November 10, Derrick Wood from TD Cowen reduced the firm’s price target on monday.com Ltd. (NASDAQ:MNDY) to $250 from $290, while maintaining a Buy rating. He noted that the company delivered strong momentum during the quarter, supported by growth in RPO bookings, new customers, and a rising number of paid customers with more than $100,000 in ARR. Wood acknowledged near-term challenges from AI-search affecting the market but believes the company can offset these challenges by strategic investments in other lead generation channels.
On the same day, Brian Schwartz from Oppenheimer also lowered the firm’s price target from $300 to $200 but reiterated a Buy rating on the stock.
monday.com Ltd. (NASDAQ:MNDY) provides a cloud-based Work Operating System that helps teams manage projects, workflows, and collaboration across various business functions, including but not limited to CRM, marketing, and IT.
7. Kyndryl Holdings, Inc. (NYSE:KD)
Market Capitalization: $6.02 billion
Number of Hedge Fund Holders: 36
Analyst Upside Potential: 42.26%
Kyndryl Holdings, Inc. (NYSE:KD) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. Wall Street has a mixed opinion on Kyndryl Holdings, Inc. (NYSE:KD) since the company released its fiscal Q2 2026 results on November 4. The company posted an EPS of $0.38, which topped estimates by $0.02. However, the revenue of $3.72 billion missed estimates by $119 million.
Management noted that Kyndryl Consult and Hyperscaler-related revenue were key growth drivers during the quarter. Kyndryl Consult posted 25% year-over-year growth and Hyperscaler-related revenue doubled during the same time. However, the total revenue decreased 1.40% and fell short of expectations due to longer sales cycles. Moreover, management is also focusing on margin expansion, which has led to removing low-margin hardware and software content from customer contracts.
On the bright side, Kyndryl Holdings, Inc.’s (NYSE:KD) book-to-bill ratio remains above 1, and management reaffirmed its fiscal 2026 outlook, expecting revenue growth in the second half of the year, driven by a stronger backlog.
After the release on November 6, James Faucette from Morgan Stanley lowered the firm’s price target on the stock from $30 to $28, while reiterating a Hold rating. On the same day, Tien Tsin Huang from J.P. Morgan also reduced the price target from $45 to $40, but maintained a Buy rating on the stock.
Kyndryl Holdings, Inc. (NYSE:KD) is based in New York City. The company designs, builds, and manages critical technology systems for enterprises worldwide, increasingly layering AI-native automation atop its core IT modernization services.
6. Sportradar Group AG (NASDAQ:SRAD)
Market Capitalization: $7.14 billion
Number of Hedge Fund Holders: 35
Analyst Upside Potential: 46.91%
Sportradar Group AG (NASDAQ:SRAD) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 9, David Katz from Jefferies reiterated a Buy rating on the stock while lowering the price target from $32 to $30. Earlier on November 6, Barry Jonas from Truist Financial also reiterated a Buy rating on Sportradar Group AG (NASDAQ:SRAD) with a price target of $32.
On November 5, the company released its fiscal Q3 2025 results. The revenue of €292 million (approximately $338.7 million) missed estimates by $5.49 million and the EPS of $0.08 also fell short of the expectation by $0.02. Management noted the revenue grew by 14% year-over-year, driven by an 11% growth in Betting Technology & Solutions, and 31% growth in Sports Content, Technology & Services.
However, the results were partially offset by the impact of foreign currency movements, which resulted in the quarterly profit decreasing by €15 million year-over-year, due to €22 million lower foreign currency gain.
Jonas from Truist noted the results to be mostly favourable, driven by the company’s strength from the core business and the recent acquisition of IMG Arena. He also highlighted that the company’s Marketing & Media Services segment has started to gain traction, growing 33% year-over-year during the quarter.
Management also anticipates the segment to continue benefiting, driven by the recent addition of IMG Arena, which aligns with its core business.
Sportradar Group AG (NASDAQ:SRAD) is a global sports technology company providing data and software solutions to sports federations, media, and sports betting operators.
5. Klaviyo, Inc. (NYSE:KVYO)
Market Capitalization: $9.23 billion
Number of Hedge Fund Holders: 41
Analyst Upside Potential: 47.44%
Klaviyo, Inc. (NYSE:KVYO) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. Klaviyo, Inc. (NYSE:KVYO) is up more than 16% since its fiscal Q3 2025 earnings release on November 5.
The company posted stellar results with quarterly revenue of $310.9 million, representing a 32% year-over-year growth and ahead of consensus by $11.04 million. The EPS of $0.18 also topped estimates by $0.04. Management noted the growth was driven by the accelerating momentum in the company’s agentic products. During the quarter, Klaviyo, Inc. (NYSE:KVYO) also launched K:Service into general availability and announced Marketing Agent.
Moreover, management raised its full-year guidance and now expects FY 2025 revenue in the range of $1.215 billion to $1.219 billion, up from the previous range of $1.195 billion to $1.203 billion.
Wall Street has been bullish on the stock since the earnings release. On November 7, Ramio Lenschow from Barclays reiterated a Buy rating on the stock with a price target of $43. On the same day, Gabriela Borges from Goldman Sachs also reiterated a Buy rating on Klaviyo, Inc. (NYSE:KVYO) but lowered the price target from $48 to $41.
Klaviyo, Inc. (NYSE:KVYO) provides customer relationship management platforms to businesses. Its platform is specifically designed for Business-to-Consumer brands, focusing on unifying marketing analytics and customer service into one integrated solution.
4. Duolingo, Inc. (NASDAQ:DUOL)
Market Capitalization: $9.22 billion
Number of Hedge Fund Holders: 55
Analyst Upside Potential: 49.10%
Duolingo, Inc. (NASDAQ:DUOL) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 5, Duolingo, Inc. (NASDAQ:DUOL) posted results for its fiscal Q3 2025. The revenue grew 41.08% year-over-year to $271.71 million, surpassing the estimates by $11.36 million and the EPS of $5.95 also topped the consensus by $5.19. However the share price has fallen more than 26% since the release.
The key reasons behind the falling investor and analyst sentiment are the company’s strategy to prioritize product development, which has raised monetization concerns. Moreover, the company’s bookings outlook for the next quarter of $329.5 million to $335.5 million also fell short of Bloomberg’s estimates of $344.1 million.
Wall Street has also adopted a conservative outlook on the stock since the release. On November 7, Wyatt Swanson from D.A. Davidson lowered the firm’s price target from $300 to $200, while reiterating a Hold rating on the stock. The analyst noted that Duolingo, Inc.’s (NASDAQ:DUOL) shift in strategic focus suggests that the firm might need to revise 2026 estimates downwards from revenue growth of 25.8% year-over-year and adjusted EBITDA margin of 32.1%.
Duolingo, Inc. (NASDAQ:DUOL) offers a mobile and web-based language learning platform with courses in over 40 languages, operating on a freemium model with premium subscription options.
3. Wix.com Ltd. (NASDAQ:WIX)
Market Capitalization: $7.57 billion
Number of Hedge Fund Holders: 42
Analyst Upside Potential: 50.81%
Wix.com Ltd. (NASDAQ:WIX) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. Wix.com Ltd. (NASDAQ:WIX) is set to release its fiscal Q3 2025 results on November 19, 2025.
Wall Street is bullish on the stock ahead of the company’s earnings release. On October 27, Analyst Bernie McTernan from Needham maintained a Buy rating on Wix.com Ltd. (NASDAQ:WIX) with a price target of $200.
The analyst noted that the revenue figures for the upcoming year are achievable. He quoted data from Similar Web, which indicates stabilization in Base44’s Annual Recurring Revenue ramp. Moreover, he also mentioned that market feedback suggests Wix Studio adoption has been better than expected, along with an increase in lead generation through the Wix marketplace.
Additionally, the company is expanding through partnerships. On October 29, Wix.com Ltd. (NASDAQ:WIX) announced a strategic collaboration with PayPal Inc. to provide AI-powered product discovery and commerce for Wix merchants. The partnership will allow Wix merchants to make their product catalogs visible on AI platforms and accept payments directly through PayPal.
Wix.com Ltd. (NASDAQ:WIX) provides a cloud-based platform that allows businesses and individuals to create, manage, and grow professional websites using a drag-and-drop editor without needing coding skills.
2. Chime Financial, Inc. (NASDAQ:CHYM)
Market Capitalization: $7.56 billion
Number of Hedge Fund Holders: 46
Analyst Upside Potential: 62.24%
Chime Financial, Inc. (NASDAQ:CHYM) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 6, Patrick Moley from Piper Sandler reiterated a Buy rating on Chime Financial, Inc. (NASDAQ:CHYM) but lowered the price target from $35 to $30. On the same day, Tien Tsin Huang from J.P. Morgan also reiterated a Buy rating on the stock and reduced the price target from $40 to $34.
The reiterated positive outlook follows the company’s fiscal Q3 2025 results announced on November 5. 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. Management attributed the growth to a 16% growth in Payments revenue and a 65% increase in Platform-related revenue. Notably, management raised full-year 2025 guidance and now expects revenue between $2.163 billion and $2.173 billion, versus the previous forecasts of $2.135 billion and $2.155 billion.
Analyst Moley from Piper Sandler noted the raised full-year guidance should alleviate investor concerns regarding the company’s revenue growth and stagnant active member growth from Q2 2025.
Chime Financial, Inc. (NASDAQ:CHYM) is a fintech company that provides banking services through FDIC-insured bank partners.
1. Aurora Innovation, Inc. (NASDAQ:AUR)
Market Capitalization: $8.36 billion
Number of Hedge Fund Holders: 41
Analyst Upside Potential: 177.78%
Aurora Innovation, Inc. (NASDAQ:AUR) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On October 28, Aurora Innovation, Inc. (NASDAQ:AUR) announced expanding its driverless trucking service from Fort Worth to El Paso.
The expansion comes after the company met an important milestone of surpassing 100,000 driverless miles. The new route spans 600 miles from Fort Worth to El Paso. Management noted that this expansion is the fastest scaling in the United States self-driving industry, as this comes after only six months of the Dallas to Houston route inauguration.
Moreover, Aurora Innovation, Inc. (NASDAQ:AUR) also shared its plan to deploy hundreds of driverless trucks with next-generation hardware in 2026. The next generation hardware is expected to reduce the overall cost by half and will also boost durability and performance. Some key features include hardware built to last more than a million miles, first light Lidar that detects objects from 1000 meters, and enhanced all-weather operations. Management believes the new hardware to be ready for deployment in 2026.
Aurora Innovation, Inc. (NASDAQ:AUR) develops a self-driving platform that works across various vehicle types. The company also offers driverless trucking through the same platform.
While we acknowledge the potential of AUR 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 AUR and that has 100x upside potential, check out our report about this cheapest AI stock.
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