5 Best New Tech Stocks to Buy Now

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In this article, we discuss the 5 best new tech stocks to buy now. If you want to read about some more new tech stocks, go directly to 13 Best New Tech Stocks to Buy Now.

5. Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Number of Hedge Fund Holders: 16 

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) provides information delivery services with a software-as-a-service platform worldwide. On November 13, Consensus Cloud Solutions Inc. unveiled the availability of Consensus Conductor, a provider of seamless integration technology which supports the latest standards for connectivity while addressing a wide range of interoperability challenges from the simple to the extremely complex.

On November 21, JPMorgan analyst Anne Samuel initiated coverage of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) stock with a Neutral rating and $54 price target, noting that the company faces challenges due to the macro environment in the near future.

Among the hedge funds being tracked by Insider Monkey, New York-based firm Gates Capital Management is a leading shareholder in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) with 1.1 million shares worth more than $53.5 million. 

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