In this article, we will look at the 11 Most Promising New Technology Stocks According to Analysts.
Are the Tariffs Impacting the IPO Market?
The stock market entered 2025 with much optimism, taking confidence from last year’s performance. Similar to the stock market, the US IPO market also entered 2025 well-positioned for a promising year. However, the uncertainty regarding the tariffs has led to a lot of volatility in both the stock market and the IPO market.
On March 27, White & Case released its insights on the US IPO market. The report highlighted that the US IPO showed steady gains due to stabilized gains and falling interest rates in the fourth quarter of 2024. Last year marked the second consecutive year of positive growth in US IPO proceeds, including the SPACs (Special Purpose Acquisition Company), as the proceeds reached $41.36 billion after growing 75% year-over-year. While the growth was impressive, it was still well below the pre-pandemic levels. In terms of the IPO counts, the number of IPOs grew from 154 in 2023 to 231 in 2024. The report also noted that the United States continued to lead the global IPO market by posting more than twice the level of proceeds as India, which is the second-largest IPO market by proceeds.
The progress from the last year was carried on into 2025 as figures from the January 2025 IPO were favorable compared to the same month last year. In January, the US saw 29 IPOs, up from 17, with deal values growing from $3.45 billion to $5.1 billion. Moreover, the pipeline figures showed that there were 57 pending IPOs in March 2025. The United States market is anticipating more technology and artificial intelligence companies to go IPO during the year. This is due to the massive joint investment through Stargate’s $100 billion reserve.
The report acknowledged the uncertainty and difficulty that new companies might be facing due to the tariffs. However, the overall economic policies of the administration are viewed as capital-friendly, thereby paving the way for more IPOs to be filed this year.
With that, let’s take a look at the 11 most promising new technology stocks according to analysts.
Our Methodology
To curate the list of 11 most promising new technology stocks according to analysts, we used the Finviz stock screener and CNN. Using the screener, we aggregated a list of technology stocks that have IPOed within the last 3 years. Next, we sourced the upside potential based on Wall Street analysts’ price target estimates for each stock from CNN and ranked the stocks in ascending order of this indicator. We have also added the hedge fund sentiment around each stock from Insider Monkey’s Q4 2024 database. Please note that the data was recorded on May 13, 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Most Promising New Technology Stocks According to Analysts
11. Arm Holdings plc (NASDAQ:ARM)
Analyst Upside Potential: 15.13%
Number of Hedge Fund Holders: 43
Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company based in England. The company specializes in architecting, developing, and licensing intellectual property solutions for central processing units, graphics processing units, neural processing units, and interconnect technologies.
On May 8, J.P. Morgan analyst Harlan Sur maintained a Buy rating on the stock with a price target of $150. Sur likes the company’s growth in licensing and royalty revenues. The analyst also noted that rapid adoption of Arm Holdings plc (NASDAQ:ARM) v9 compute platforms across mobile, automotive, and industrial sectors is contributing to robust year-over-year growth despite a slight revenue guidance miss for the upcoming quarter. He also emphasized that the company’s strategic focus on system-level innovation, software, and AI positions it well for future product differentiation and performance gains.
During the fiscal fourth quarter of 2024, Arm Holdings plc (NASDAQ:ARM) posted a record revenue of $1.24 billion, surpassing $1 billion in quarterly revenue for the first time. Royalty revenue reached a record $607 million, up 18%, while licensing and other revenues surged 53% to $634 million. The company ranks as one of the most promising new technology stocks according to analysts.
10. Pony AI Inc. (NASDAQ:PONY)
Analyst Upside Potential: 17.30%
Number of Hedge Fund Holders: 20
Pony AI Inc. (NASDAQ:PONY) deals in commercialization of autonomous vehicles. The company operates through three main business segments including Robotaxi Services, Robotruck services, and Licensing & Applications. While the company is based in China, it operates in the overseas market as well.
The company has been forming strategic partnerships to enhance the development and commercialization of its autonomous vehicles. On May 6, Pony AI Inc. (NASDAQ:PONY) announced entering into a partnership with Uber to deploy autonomous Robotaxis on Uber’s ride-hailing platform. The partnership plans to deploy Robotaxi in the Middle East later during the year with the goal to expand into other international markets by 2026.
Moreover, earlier on April 25, the company announced its partnership with Tencent Cloud to advance autonomous driving technology. The partnership aims to improve technological robustness, data processing, and cloud infrastructure of the autonomous vehicle services. Analysts expect significant upside for Pony AI Inc. (NASDAQ:PONY) making it one of the most promising new technology stocks according to analysts.
9. Astera Labs, Inc. (NASDAQ:ALAB)
Analyst Upside Potential: 17.88%
Number of Hedge Fund Holders: 51
Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor design and manufacturing company that also sells semiconductor-based connectivity solutions for cloud and AI infrastructures. Their core offering is the Intelligent Connectivity Platform, which integrates semiconductor-based products such as PCIe, CXL, and Ethernet connectivity ICs. The company is based in California and is recognized for its innovation in connectivity solutions.
On May 7, Atif Malik, an analyst from Citi, maintained a Buy rating on the stock with a price target of $100. The analyst noted that despite a slight decline in the stock price, the company experienced robust demand for its AI retimers, CXL, and Taurus products. Malik expects this strong growth to continue, particularly driven by the Scorpio product, which is strategically important for scaling AI networking capabilities.
Malik also noted that Astera Labs, Inc.’s (NASDAQ:ALAB) first-to-market PCIe Gen 6 technology is anticipated to drive significant sales growth in the coming years. The company also has a strategic edge due to its close ties with Nvidia and hyperscalers such as AWS. It is one of the most promising new technology stocks according to analysts.
Artisan Small Cap Fund stated the following regarding Astera Labs, Inc. (NASDAQ:ALAB) in its Q4 2024 investor letter:
“Among our top Q4 contributors were Astera Labs, Inc. (NASDAQ:ALAB), Veracyte and Vita Coco. Astera Labs is a fabless provider of connectivity chips designed to address data, network and memory bandwidth bottlenecks in data centers. With increasingly powerful graphics processing units and central processing units—costing $5,000 to $40,000 and depreciating within 3–5 years—often operating at only ~50% utilization due to architectural constraints, Astera’s products play a critical role in enhancing efficiency. As compute architectures become more heterogeneous across graphic processing units, central processing units and custom accelerators, Astera’s solutions enable better collaboration between disparate chips. Recent earnings displayed strong momentum of its core products and benefited from adding new offerings to drive scale within the data center market, driving a strong rally in shares. After the strong rally, we trimmed our position based on valuation.”
8. Klaviyo, Inc. (NYSE:KVYO)
Analyst Upside Potential: 19.60%
Number of Hedge Fund Holders: 30
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.
The company continues to position itself as a growth company. It now serves over 169,000 customers internationally including entrepreneurs to global enterprises. More importantly, Klaviyo, Inc. (NYSE:KVYO) has been able to attract large value customers as it ended the first quarter of 2025 with 3,030 customers with over $50,000 in ARR, up 40% year-over-year. It also reported having more than 1,000 customers that pay more than $100,000 in ARR. Moreover, the company also continues to grow small and medium customers through SMS marketing penetration. Its investments in international markets also reaped results as the EMEA revenue grew 47% year-over-year, while combined EMEA and APAC revenue increased by 42% during the same time. Overall, Klaviyo, Inc. (NYSE:KVYO) grew its revenue by 33% year-over-year to reach $279.8 million. Management also raised its revenue guidance for the full year, representing 25% to 26% year-over-year growth. Klaviyo, Inc. (NYSE:KVYO) is one of the most promising new technology stocks according to analysts.
7. Ingram Micro Holding Corp (NYSE:INGM)
Analyst Upside Potential: 19.67%
Number of Hedge Fund Holders: 24
Ingram Micro Holding Corp (NYSE:INGM) is an international distributor of information technology products and services. Its offerings include cloud-based services, client and end-point solutions, and traditional hardware and software distribution. The company has operations in North America, the Middle East, Europe, Latin America, and Asia-Pacific.
On March 25, analyst Surinder Thind from Jefferies reiterated a Buy rating on the stock with a price target of $24. The analyst noted that although the earnings per share estimations have declined and the product margins are lower. However, the company’s valuations remain attractive. Ingram Micro Holding Corp (NYSE:INGM) released its fiscal first quarter results for 2025 on May 8. The company grew its revenue by 8.3% to reach $12.28 billion. This was above the higher end of managements guidance. Moreover, the gross profit also came in close to the upper end of its guidance at $828.8 million. Looking ahead, management expects second quarter revenue to be between $11.77 billion to $12.17 billion. Ingram Micro Holding Corp (NYSE:INGM) is one of the most promising new technology stocks according to analysts.
Middle Coast Investing stated the following regarding Ingram Micro Holding Corporation (NYSE:INGM) in its Q4 2024 investor letter:
“Ingram Micro Holding Corporation (NYSE:INGM) is a technology distributor of both hardware software. It is the biggest competitor in size to TD Synnex (SNX), which we also own. Ingram just went public again after being bought out and then resold a few years ago. It has the baggage of private equity ownership, which will put pressure on shares in the coming years. The company’s revenue has not been growing, though I think that’s an industry level issue. It has scale and is a leader in the industry, and trades meaningfully cheaper than its peers. We again have a starter position, but I don’t think that discount should persist (and in owning SNX, we believe there is value in the sector as a whole).”
6. NCR Atleos Corporation (NYSE:NATL)
Analyst Upside Potential: 37.28%
Number of Hedge Fund Holders: 30
NCR Atleos Corporation (NYSE:NATL) is another fintech technology company that specializes in self-directed banking solutions to a global customer base. Its key services segment includes Self-Service Banking, Payment & Network, and Telecommunications & Technology. The company is recognized as one of the global leaders in ATM solutions.
On April 24, NCR Atleos Corporation (NYSE:NATL) announced that it has entered into a long-term strategic partnership with FCTI to expand its Allpoint Network to over 4,000 7-Eleven stores across the United States. FCTI manages a network of over 8,400 ATMs and is a trusted 7-Eleven partner. Moreover, the company, on May 7, released its first quarter results for fiscal 2025. Management noted that profit and earnings came in above the high end of the guidance. NCR Atleos Corporation’s (NYSE:NATL) first quarter revenue came in at $980 million, driven by a 40% increase in ATM as a Service unique customers.
Looking ahead, management has reaffirmed its full year guidance, with total revenue anticipated to grow by 1% to 3% and analysts are expecting significant upside for the stock, making it one of the most promising new technology stocks according to analysts.
5. SailPoint, Inc. (NASDAQ:SAIL)
Analyst Upside Potential: 37.33%
Number of Hedge Fund Holders: NA
SailPoint, Inc. (NASDAQ:SAIL) is a technology company that specializes in identity security solutions for enterprises. It provides a unified platform that manages and secures access to applications and data of identities, including employees, contractors, and partners. Its key offerings include Identity Security Cloud, IdentityIQ, and other advanced capabilities.
On April 23, it launched its first Software-as-a-Service instance in the Middle East, which is expected to go live in May 2025. This is a strategic move to strengthen its global expansion and accelerate digital transformation in the region. Moreover, during fiscal 2025, SailPoint, Inc. (NASDAQ:SAIL) grew its annual recurring revenue by 29% year-over-year to reach $877 million. Its SaaS ARR, which is a key indicator of cloud-based services, expanded even faster at 39% year-over-year, reaching $540 million. The management of the company noted that identity security is now a strategic imperative for enterprises, especially with the growing complexity and scale of identity management needs accelerated by AI agents.
Looking ahead, SailPoint, Inc. (NASDAQ:SAIL) expects continued growth for fiscal 2026 with annual recurring revenue projected between $896 million and $900 million, reflecting 26% to 27% growth.
ClearBridge Mid Cap Strategy stated the following regarding SailPoint, Inc. Common Stock (NASDAQ:SAIL) in its Q1 2025 investor letter:
“We participated in the IPO of SailPoint, Inc. Common Stock (NASDAQ:SAIL), which offers identity security solutions to help companies manage and secure access to critical data and applications. Having known the company for a long time and previously owned it in its prior publicly traded forms, we believe the incorporation of AI has swelled SailPoint’s total addressable market — already growing at a high pace — as companies will need to begin addressing what data and functions their new AI agents can access across their enterprise.”
4. Joint Stock Company Kaspi.kz (NASDAQ:KSPI)
Analyst Upside Potential: 56.05%
Number of Hedge Fund Holders: 27
Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a leading financial technology company based in Kazakhstan. It provides a broad range of services, including online payments, e-commerce, and digital banking. Its key operations include the Mass Retail Segment, Corporate and business, Payments platform, Marketplace platform, and Fintech platform.
On March 27, the company announced that it had signed a share purchase agreement to acquire Rabobank A.S, the Turkish subsidiary of the Netherlands-based Rabobank Group. This aligns with the company’s plans to expand into Turkey. Joint Stock Company Kaspi.kz (NASDAQ:KSPI) reported its fiscal Q1 2025 results on May 12. The company grew its revenue by 21% year-over-year and net income by 16% during the same time, driven by increased customer engagement. All three segments posted double digit growth with Marketplace platform taking the lead at 33% year-over-year growth. The Marketplace platform segment was driven by a stand-out performance by e-Grocery which grew GMV by 64% year-over-year.
Looking ahead, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has raised its 2025 consolidated net income growth guidance from 20% to 15% year-over-year growth during the year. It is one of the most promising new technology stocks according to analysts.
3. Diebold Nixdorf Inc (NYSE:DBD)
Analyst Upside Potential: 57.72%
Number of Hedge Fund Holders: 20
Diebold Nixdorf Inc (NYSE:DBD) is an international technology company that operates by automating, digitizing, and transforming banking and shopping experience. The company engages in Banking Solutions, Retail Solutions, and Security & Innovation.
On May 8, D.A. Davidson analyst Matt Summerville reiterated a Buy rating on the stock with a price target of $80. The buy rating is based on the exceptional performance during the fiscal first quarter of 2025. Diebold Nixdorf Inc (NYSE:DBD) highlighted growing demand for its technologies, reflected by a 36% year-over-year growth in order entry. Moreover, the company also grew its product backlog to $900 million, indicating a strong upcoming second quarter.
The first quarter revenue came in at $841.1 million, in-line with the expectations, while the GAAP gross margins improved 80 basis points to 24.1%. Looking ahead, management expects second quarter revenue to grow by low single digits with free cash flow between $190 million and $200 million. Diebold Nixdorf Inc (NYSE:DBD) is one of the most promising new technology stocks according to analysts.
2. Core Scientific, Inc. (NASDAQ:CORZ)
Analyst Upside Potential: 80.27%
Number of Hedge Fund Holders: 66
Core Scientific, Inc. (NASDAQ:CORZ) is a new technology company that engages in digital infrastructure and services for bitcoin mining and high-performance computing. It operates data centers across the United States and operates through three main business segments, including Digital Assets Self Mining, Digital Asset Hosted Mining, and HPC hosting.
On May 8, Gautam Chhugani from Bernstein maintained a Buy rating on the stock, with a price target of $17. The analyst highlighted that the company is strategically positioned in the AI data center market with its commitment to deliver 590 MW to AI firm CoreWeave. As Core Scientific, Inc. (NASDAQ:CORZ) announced on February 26 that it signed a $1.2 billion expansion partnership with CoreWeave to expand company’s Denton, Texas data center site. The company is also expanding its AI co-location capacity, aiming to develop 1.3 GW through new power developments and site acquisitions. Management noted that the agreement spans 12 years and increases the total projected revenue from CoreWeave to $10.2 billion.
Regardless of a drop in stock price after the recent market fears, the analyst believes that the company is well-positioned for long-term growth. Core Scientific, Inc. (NASDAQ:CORZ) ranks as one of the most promising new technology stock according to analysts.
1. WeRide Inc. (NASDAQ:WRD)
Analyst Upside Potential: 138.73%
Number of Hedge Fund Holders: 2
WeRide Inc. (NASDAQ:WRD) is a new technology company engaged in the development and commercialization of autonomous driving products and services. Its main products and services include Robotaxi, Robo-bus, Robo-van, Robo-weeper, and Advanced Driver-Assistance Systems.
On May 2, WeRide Inc. (NASDAQ:WRD) announced the launch of its first paid commercial Level-4 autonomous Robo-bus service in central Guangzhou. This marks the city’s first fare-charging autonomous bus line in its downtown core and a significant milestone toward mass commercialization of Level-4 autonomous vehicles. Management noted that the bus operates on a 13.6 km loop route.
The company is also expanding its footprint internationally with fully driverless commercial Robo-bus. Earlier on February 27, WeRide Inc. (NASDAQ:WRD) launched its first fully driverless commercial Robo-bus service in Europe through a partnership with beti, Renault Group, and Macif. During the fiscal fourth quarter of 2024, the company reported growing its product revenue from RMB 35.5 million to RMB 51.7 million, primarily driven by increased sales of Robo-taxis, Robo-sweepers and Robo-vans. The company ranks as one of the most promising new technology stock according to analysts.
While we acknowledge the potential of WRD to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WRD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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