5 Best Tech Stocks to Buy On the Dip

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In this article, we will take a look at the top 5 best tech stocks to buy on the dip. To see more such companies, go directly to 11 Best Tech Stocks to Buy On the Dip.

5. Marqeta, Inc. (NASDAQ:MQ)

Number of Hedge Fund Holders: 36

Share Price Decline in the Past Six Months: 36.35%

Since Marqeta, Inc. (NASDAQ:MQ)’s major chunk of revenue comes from Block, its stock took a hit after Hindenburg’s short report on Block. But since the short report seems to have no mettle, analysts believe Marqeta, Inc. (NASDAQ:MQ)’s selloff was an overreaction. Earlier this month, Deutsche Bank analyst Bryan Keane started covering Marqeta, Inc. (NASDAQ:MQ) with a Buy rating. Keane said in his note that the demand for the company’s services increased in the last quarter of 2022. He believes Marqeta, Inc. (NASDAQ:MQ) is on “a strong path for bookings growth in 1Q23 and full year FY23.”

As of the end of the fourth quarter of 2022, 36 hedge funds reported owning stakes in Marqeta, Inc. (NASDAQ:MQ).

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