4 Best Tech Stocks to Buy According to Bank of America

2. Juniper Networks, Inc. (NYSE:JNPR)

Stock Price as of June 9: $30.25

Number of Hedge Fund Holders: 35

Juniper Networks, Inc. (NYSE:JNPR) is a Sunnyvale, California-based developer and marketer of network management software, network security products, routers, software-defined network technology, and switches. Amongst its competitors, Juniper Networks, Inc. (NYSE:JNPR) is more focused on artificial intelligence and software as opposed to hardware.

Despite uncertain macroeconomic circumstances and concerns related to inflation, Juniper Networks, Inc. (NYSE:JNPR) has been able to increase its operating margins to a higher level. The company recently joined forces with Dragos to secure critical infrastructure and bring together its abilities to secure the network. Tal Liani, Jonathan Eisenson, Madeline Brooks, and Tomer Zilberman at Bank of America have given Juniper Networks, Inc. (NYSE:JNPR) stock a Buy rating with a price target of $40. According to the analysts, the company has experienced a double-digit acceleration on an adjusted basis. This will translate into a higher top-line during 2022 and the next year once the supply chain-related concerns have been resolved.

Overall, 25 hedge funds held a position in Juniper Networks, Inc. (NYSE:JNPR) as of Q1 2022.