5 Best Tech Stocks to Invest in For Long Term

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In this article we will take a look at the 5 best tech stocks to invest in for the long-term. For a detailed analysis of the technology industry, go directly to the 10 Best Tech Stocks to Invest in For Long-Term.

5. Facebook, Inc. (NASDAQ: FB)

Number of Hedge Funds: 242

Facebook (NASDAQ: FB) is a Menlo Park-based technology company. It owns and runs social media platforms like Facebook, Instagram, and messaging service WhatsApp. Although it is one of the largest tech firms in the world, with a market cap close to $1 trillion, Facebook has come under increased regulatory scrutiny in recent years regarding data privacy and content management concerns. It dominates the digital advertising market and has increased ad prices by 30% since March to boost revenue. It is fifth on our list of 10 best tech stocks to invest in for long term gains.

On April 19, investment bank Oppenheimer forecast that Facebook would benefit from an increase global internet advertising, boosting growth estimates for the Menlo Park firm. On April 15, Facebook announced that it had shifted all operations to alternative energy, fulfilling an earlier promise to achieve net zero emissions.

At the end of the fourth quarter of 2020, 97 hedge funds in the database of Insider Monkey held stakes worth $10.5 billion in the firm, down from 106 in the preceding quarter worth $11 billion.

Our calculations show that Facebook, Inc. (NASDAQ: FB) ranks 3rd in our list of the 30 Most Popular Stocks Among Hedge Funds.

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