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.
9. Rimini Street Inc. (NASDAQ:RMNI)
Number of Hedge Fund Holders: 11
Average Upside Potential as of July 30: 34.41%
Rimini Street Inc. (NASDAQ:RMNI) is one of the tech stocks to buy according to analysts. On July 23, the University of Melbourne, which is a top-ranked Australian higher learning institution with 55,000 students and 10,000 staff, announced its engagement with Rimini Street. The University selected Rimini Support, Rimini Connect, and Rimini Protect for its Oracle Database, EBS (E-Business Suite), and Hyperion systems.
This reduces risk and allows the University to reallocate IT resources towards initiatives that enhance the student experience. Previously, the University faced challenges with Oracle’s vendor support. Oracle’s support did not cover 300-plus customizations it had developed for its ERP systems, which led to slow response times.
The University was also in a cycle of costly and time-consuming upgrades, which were necessary to maintain vendor support but offered limited ROI and carried significant risks. By switching to Rimini Street, the University has eliminated the need for these frequent and mandatory upgrades.
Rimini Street Inc. (NASDAQ:RMNI) provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products.
8. Bitdeer Technologies Group (NASDAQ:BTDR)
Number of Hedge Fund Holders: 17
Average Upside Potential as of July 30: 52.91%
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the tech stocks to buy according to analysts. On July 10, B. Riley lowered its price target on Bitdeer from $18 to $17, while maintaining a Buy rating on the shares. The adjustment showed updated estimates in the high-performance computing space, following a review of Bitdeer’s Q2 actuals.
In Q1 2025, Bitdeer Technologies reported increasing its self-mining hash rate to 11.5 exahash per second (EH/s), with ambitious plans to reach 40 EH/s by the end of October this year. An exahash per second represents one quintillion hashes per second, indicating the computational power of a blockchain network.
Bitdeer is also expanding its global power capacity, anticipating ~500 megawatts of new self-mining power capacity by mid-2025, which would bring its total capacity to nearly 1.6 gigawatts. The expansion includes a focus on geographic diversification, with power capacity in Norway and Bhutan. The company is also developing its own AI technology and has secured a loan agreement with Matrix Finance and Technology Holding Company for ~$200 million to support its expansion.
Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company for blockchain and high-performance computing/HPC in Singapore, the US, Bhutan, and Norway.
7. Similarweb Ltd. (NYSE:SMWB)
Number of Hedge Fund Holders: 20
Average Upside Potential as of July 30: 57.71%
Similarweb Ltd. (NYSE:SMWB) is one of the tech stocks to buy according to analysts. On July 28, Similarweb launched its new GenAI Intelligence Toolkit to provide businesses with a view of their brand performance across AI platforms.
The toolkit combines AI Brand Visibility and AI Traffic, allowing companies to understand how they are represented on AI platforms like ChatGPT, Gemini, Perplexity, Grok, and CoPilot, and the value of AI-generated traffic to their digital marketing and sales efforts.
The offering is crucial as GenAI is shifting the digital marketing landscape away from traditional search. According to Similarweb’s estimates, in June this year alone, AI platforms generated over 1.1 billion referral visits, which marked a substantial year-over-year increase of 357%. The GenAI Intelligence Toolkit empowers brands to connect visibility with actual traffic and identify which topics are most associated with their company. It also reveals the top-cited sources within the AI answer.
Similarweb Ltd. (NYSE:SMWB) provides digital data and analytics for powering critical business decisions in the US, Europe, the Asia Pacific, the UK, Israel, and internationally.
6. AudioEye Inc. (NASDAQ:AEYE)
Number of Hedge Fund Holders: 9
Average Upside Potential as of July 30: 70.81%
AudioEye Inc. (NASDAQ:AEYE) is one of the tech stocks to buy according to analysts. On July 1, AudioEye announced its expanded presence in the European Union. The expansion is in direct response to the enforcement of the European Accessibility Act/EAA, which came into effect on June 28 this year.
The EAA introduces broad requirements for businesses to ensure their digital products and services are accessible to people with disabilities and imposes significant penalties for non-compliance. The EAA applies to any company operating in the EU with more than 10 employees and €2 million in annual revenue, which includes international businesses that sell to EU consumers.
It covers a range of digital touchpoints, such as websites and mobile applications. Organizations are required to align with the Web Content Accessibility Guidelines/WCAG 2.1, Level AA, as referenced in EN 301 549, the European accessibility standard. As of June 28, non-compliance can result in fines of up to €3 million, depending on the Member State, and may also expose brands to additional legal risks.
AudioEye Inc. (NASDAQ:AEYE) provides Internet content publication and distribution software and related services to the Internet and other media for people regardless of their device, location, or disabilities in the US and Europe.
5. 3D Systems Corporation (NYSE:DDD)
Number of Hedge Fund Holders: 22
Average Upside Potential as of July 30: 79.64%
3D Systems Corporation (NYSE:DDD) is one of the tech stocks to buy according to analysts. On July 29, 3D Systems announced the full commercial release of its FDA-cleared NextDent Jetted Denture Solution for the US market. The solution represents a milestone in digital dentistry by enabling the production of multi-material and monolithic (one-piece) jetted dentures using a single printing process.
The method results in a faster, more cost-effective, and highly scalable alternative to traditional denture fabrication. The core of this solution is the new NextDent 300 MultiJet 3D printer, which enables the rapid production of patient-specific dentures that are fully cured and safe to handle immediately, eliminating the need for additional post-curing steps.
To complement the printer, 3D Systems’ materials scientists developed two FDA-cleared dental materials: NextDent Jet Teeth and NextDent Jet Base. When used together with the NextDent 300 printer, these materials provide desired tooth rigidity, gum support, outstanding aesthetics, and enhanced toughness.
3D Systems Corporation (NYSE:DDD) provides 3D printing and digital manufacturing solutions in North and South America, Europe, the Middle East, Africa, the Asia Pacific, and Oceania. It operates through 2 segments: Healthcare Solutions and Industrial Solutions.
4. Upland Software Inc. (NASDAQ:UPLD)
Number of Hedge Fund Holders: 12
Average Upside Potential as of July 30: 102.38%
Upland Software Inc. (NASDAQ:UPLD) is one of the tech stocks to buy according to analysts. On July 24, Upland Software announced that its Upland BA Insight platform is now available in the new AI Agents and Tools category of AWS Marketplace. The integration allows customers to easily discover, purchase, and deploy AI agent solutions directly through their AWS accounts. This accelerates the development of AI agents and agentic workflows.
The BA Insight platform assists organizations in securely accessing their enterprise knowledge, preparing and enriching that information, and delivering it in a transparent and scalable manner. This capability maximizes the value of GenAI deployments by providing world-class search, enrichment, connection, and augmentation features.
Customers across various sectors are already using these capabilities to empower AI agents with the necessary knowledge, enrichment, and information delivery across their enterprises. Key features of BA Insight include over 95 connectors that securely link enterprise knowledge to AWS tooling, along with knowledge enrichment tools designed to improve data quality before AI consumption. These features enable hassle-free connection of enterprise applications to AWS technology.
Upland Software Inc. (NASDAQ:UPLD) provides cloud-based software applications under the Upland brand name in the US, the UK, Canada, and internationally.
3. MultiSensor AI Holdings Inc. (NASDAQ:MSAI)
Number of Hedge Fund Holders: 9
Average Upside Potential as of July 30: 247.13%
MultiSensor AI Holdings Inc. (NASDAQ:MSAI) is one of the tech stocks to buy according to analysts. On July 9, MultiSensor AI Holdings unveiled MSAI Connect 2.0. This upgrade to their asset health monitoring platform further reduces unplanned downtime, streamlines operations, and provides users with more actionable insights.
MSAI Connect 2.0 introduces several key enhancements. Its AI functionality is supported by camera disturbance detection, which alerts operators to unintended sensor movements that might affect critical asset monitoring. Additionally, improved person and motion detection logic has been incorporated to reduce false-positive alerts.
The platform integrates seamlessly with customers’ existing Enterprise Asset Management/EAM systems. This creates a link between identifying issues and initiating corrective actions.
MultiSensor AI Holdings Inc. (NASDAQ:MSAI) builds and deploys intelligent multi-sensing platforms with edge and cloud software solutions that use AI in the US and internationally.
2. Roadzen Inc. (NASDAQ:RDZN)
Number of Hedge Fund Holders: 9
Average Upside Potential as of July 30: 251.56%
Roadzen Inc. (NASDAQ:RDZN) is one of the tech stocks to buy according to analysts. On July 15, Roadzen announced that its wholly-owned UK-based subsidiary, called Global Insurance Management Limited/GIM, partnered with one of the UK’s largest independent retailers of nearly new cars and vans.
The collaboration will offer GAP Insurance to the retailer’s over 60,000 annual vehicle buyers as part of their vehicle purchase process. Through the partnership, Roadzen’s advanced technology and insurance infrastructure will power a fully integrated Return to Invoice/RTI GAP insurance solution. The solution will be embedded directly into the UK retailer’s digital and in-store sales process.
The partnership is facilitated by Roadzen’s Global Distribution Network/GDN platform, which provides real-time pricing, policy issuance, payment collection, and claims processing through a single, seamless digital interface for clients.
Roadzen Inc. (NASDAQ:RDZN) operates an Insurtech company in India, the US, the UK, and Europe. It serves insurers, reinsurers, agents, brokers, carmakers, dealerships, fleets, taxicab companies, ridesharing platforms, and other distribution channels.
1. FiscalNote Holdings Inc. (NYSE:NOTE)
Number of Hedge Fund Holders: 15
Average Upside Potential as of July 30: 342.09%
FiscalNote Holdings Inc. (NYSE:NOTE) is one of the tech stocks to buy according to analysts. On July 10, FiscalNote Holdings announced an enhancement to its flagship platform, PolicyNote: the launch of AI-powered legislative drafting. This is designed to transform how policy professionals create and interact with legislative and regulatory text, turning PolicyNote into a legislative co-author.
The functionality builds upon PolicyNote’s existing strengths in real-time monitoring, analysis, and workflow automation. It enables users to quickly generate, refine, and customize bill language and policy proposals with a nuanced understanding of jurisdiction, strategic clarity, and an organization’s or official’s unique voice.
Customers can use this tool to develop full bill text, model legislation, amendments, or policy proposals specific to various sectors, stakeholders, and political contexts. PolicyNote now actively participates in the policymaking process.
FiscalNote Holdings Inc. (NYSE:NOTE) is a technology provider for global policy and market intelligence in North America, Europe, Australia, and Asia.
While we acknowledge the potential of NOTE 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 NOTE and that has 100x upside potential, check out our report about this cheapest AI stock.
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