On July 29, Brian Nick, Head of Portfolio Strategy at NewEdge Wealth, appeared on CNBC’s Worldwide Exchange that despite signs of market froth, tech remains resilient as recession fears ease and earnings stay solid. Nick explained that when the S&P 500 is overlaid with a market-based recession probability for 2025, the two appear almost inversely related. As recession odds increased sharply in March and April, the market declined. Conversely, as those recession odds receded, the market recovered. He attributed this recovery to either the initial scaling back of tariffs or the market’s adaptation to living with 10% or 15% tariffs on some of the largest trading partners. Additionally, Nick noted that economic data, while still on the weaker side, was not showing significant deterioration to suggest an impending recession or substantial market pullback.
Nick also suggested that the tech sector is generally more resilient to the secular economic slowdown that might be occurring. He stated that tech has been able to navigate weaknesses in the labor market and consumer data, provided there isn’t an acute recession, which doesn’t seem likely. He also highlighted that tech companies have been major beneficiaries of the incremental reduction in tariffs. While acknowledging the possibility of some tariff rate increases with certain tech-related trading partners as the August 1 deadline approached, they stressed that these companies continued to post solid earnings with positive future outlooks. In an environment where the rest of the economy is growing at about 1%, Nick noted that tech has historically performed well, not just in the past year, but over the last decade, especially when growth is scarce.
That being said, we’re here with a list of the 11 tech stocks to buy according to analysts.
Our Methodology
We sifted through the Finviz stock screener to compile a list of the top 11 tech stocks with an upside potential of over 25% as of July 30. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q1 2025, which was sourced from Insider Monkey’s database.
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 Tech Stocks to Buy According to Analysts
11. Wolfspeed Inc. (NYSE:WOLF)
Number of Hedge Fund Holders: 25
Average Upside Potential as of July 30: 31.58%
Wolfspeed Inc. (NYSE:WOLF) is one of the tech stocks to buy according to analysts. On July 22, Susquehanna lowered the price target for Wolfspeed from $3 to $1.50, while maintaining a Neutral rating on the shares. The adjustment came as part of the firm’s Q2 preview for the semiconductor group, with the firm expecting in-line to modest upside reports for the current quarter, driven by tariff-related demand pull-ins and sustained AI strength.
However, Susquehanna’s analysts did note increased uncertainty for the latter half of 2025 within the broader semiconductor market. In FQ3 2025, Wolfspeed showed a sequential revenue growth of 50% at its Mohawk Valley facility, which contributed $78 million in revenue. The company has also established a fully automated 200-millimeter manufacturing footprint for silicon carbide solutions and received ~$192 million in cash tax refunds from the Section 48D advanced manufacturing tax credit, which boosted liquidity.
Additionally, Wolfspeed is actively engaging with customers for sampling 200-millimeter materials and pursuing new contracts for 200-millimeter wafer supply. But at the same time, the company is undergoing a restructuring, which includes a 30% reduction in its senior leadership team and projected restructuring charges of $400 million to $450 million for FY2025. Free cash flow during the quarter was also negative, at $168 million.
Wolfspeed Inc. (NYSE:WOLF) is a semiconductor company that focuses on silicon carbide and gallium nitride/GaN technologies in Europe, Hong Kong, China, the rest of Asia-Pacific, the US, and internationally.
10. Lantronix Inc. (NASDAQ:LTRX)
Number of Hedge Fund Holders: 13
Average Upside Potential as of July 30: 34.07%
Lantronix Inc. (NASDAQ:LTRX) is one of the tech stocks to buy according to analysts. On July 17, Lantronix introduced its new NTC-500 Series, which is a rugged industrial-grade 5G wireless router. The series transforms enterprise mobility and connectivity through an affordable solution that reduces the need for costly Ethernet infrastructure, saving thousands of dollars per drop, while providing high-speed and low-latency performance comparable to wired networks.
The launch of the NTC-500 Series is a direct result of Lantronix’s acquisition of NetComm Wireless, which was finalized on December 26 last year, for $6.5 million in cash. The NTC-500 Series is designed to address key pain points in industrial connectivity, such as high deployment costs, lengthy installation timelines, limited mobility, and the need to support a high density of connected endpoints.
Its flexible and future-ready design is expected to open new revenue streams across private 5G, edge computing, and industrial automation markets, supporting various use cases and reducing total cost of ownership. The router is globally approved and carrier-certified, supporting private-5G readiness with bands like n48-CBRS, n77, and n78, which enables the rapid digitization of previously stranded or mobile assets.
Lantronix Inc. (NASDAQ:LTRX) develops, markets, and sells industrial and enterprise IoT products and services internationally.
Hedge Fund Resource Center