In this article, we will take a look at the 5 Best Technology Growth Stocks to Buy Under $100. For a deeper discussion and an expanded list, please see 10 Best Technology Growth Stocks to Buy Under $100.
5. Varonis Systems, Inc. (NASDAQ:VRNS)
Varonis Systems, Inc. (NASDAQ:VRNS) ranks among the best technology growth stocks to buy under $100. On May 26, KeyBanc began coverage of Varonis Systems, Inc. (NASDAQ:VRNS) with a Sector Weight rating. Analyst Eric Heath identified robust secular trends in the data security sector, stating that the deployment of AI and Copilot contributes to the data governance dilemma.
KeyBanc defines Varonis Systems, Inc. (NASDAQ:VRNS) by its extensive Microsoft connections, leadership in structured and unstructured data, and its automation abilities. However, the firm raised concerns about increased competition and the viability of data security position control in the face of large language models and infrastructure mergers.
Moreover, on May 21, Varonis Systems, Inc. (NASDAQ:VRNS) revealed a collaboration with Anthropic’s Claude Compliance API, which incorporates Claude Enterprise and Claude Platform activity within the company’s Atlas AI Security Platform. The link enables security and governance staff to keep track of AI usage across enterprises while receiving notifications for any possible misuse.
Varonis Systems, Inc. (NASDAQ:VRNS) provides data security, AI security, threat detection, access governance, compliance, and risk management software.
4. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
SolarEdge Technologies, Inc. (NASDAQ:SEDG) ranks among the best technology growth stocks to buy under $100. On May 29, TD Cowen boosted its price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) to $85 from $43, keeping a Buy rating on the company’s shares. Analyst Jeffrey Osborne pointed to the advancement of the company’s SST product, which has attracted positive reviews from partners.
Osborne had a fireside conversation with CEO Shuki Nir at TD Cowen’s recent TMT Conference, with the analyst stating that revenue for the SST product is projected to climb in 2028.
Meanwhile, on May 7, Jefferies reduced its SolarEdge Technologies, Inc. (NASDAQ:SEDG) price objective to $45 from $49 while keeping a Hold rating on the company’s shares. The firm stated that SolarEdge’s first-quarter 2026 performance exhibited resilience despite a tough market environment.
SolarEdge’s second-quarter outlook was broadly consistent with expectations, meaning near-breakeven EBIT. Moreover, SolarEdge Technologies, Inc. (NASDAQ:SEDG) management said they were confident in the company’s ability to generate positive free cash flow for the full year.
A global leader in smart energy technology, SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.
3. Viasat Incorporated (NASDAQ:VSAT)
Viasat Incorporated (NASDAQ:VSAT) ranks among the best technology growth stocks to buy under $100. Following Viasat Incorporated (NASDAQ:VSAT)’s fourth-quarter 2026 results and fiscal 2027 outlook, Barclays reaffirmed an Equalweight rating and a price target of $49 for the company’s shares on May 29.
Viasat Incorporated (NASDAQ:VSAT) reported revenue of $1.2 billion, which, while 2.4% less than anticipated, was up 2% year-over-year. Similarly, though the Communication Services division showed a 2% decrease in revenue, the Defense and Advanced Technologies segment reported a 12% year-over-year increase.
Looking forward to fiscal 2027, Viasat Incorporated (NASDAQ:VSAT) projected mid-single digit revenue growth alongside stable to somewhat higher adjusted EBITDA year-over-year, which is expected to be back-end loaded. The impact of a business sale, estimated at about 2%, is included in the EBITDA.
Meanwhile, capex is expected to range between $950 million and $1.0 billion, with free cash flow of around $180 million after discounting Ligado lump-sum payments. The company also stated that maritime revenues are currently projected to normalize by the end of 2027, with the Equatys D2D project set to begin operation in 2029.
Viasat Incorporated (NASDAQ:VSAT) is a global broadband and communication service provider that delivers satellite-based broadband services, narrowband communications, secure networking systems, and cybersecurity solutions.
2. STMicroelectronics N.V. (NYSE:STM)
STMicroelectronics N.V. (NYSE:STM) ranks among the best technology growth stocks to buy under $100. Mizuho increased its price target for STMicroelectronics N.V. (NYSE:STM) to $68 from $56 on May 19, keeping an Outperform rating on the company’s shares. As customers migrate to 800-volt systems, the firm predicts that AI server content will top $230 million per gigawatt.
STMicroelectronics N.V. (NYSE:STM) estimated that AI revenue could surpass $1 billion by 2026. Mizuho set its increased price objective at 30x its fiscal 2027 earnings per share projection, up from around 25x previously.
Furthermore, STMicroelectronics N.V. (NYSE:STM) recently indicated that it expects to generate more than $3 billion in total revenue from its semiconductor space division between 2026 and 2028, owing to rising demand for chips employed in low-Earth orbit satellite systems. The company stated that its LEO revenue hit roughly $600 million in 2025, up from $175 million in 2021, and is nearing $1 billion in 2026.
STMicroelectronics N.V. (NYSE:STM) stated that its decade-long supply collaboration with Starlink on satellites and user interfaces will give it a competitive edge in retaining a large portion of its near-90% market share as the market grows and attracts competition.
STMicroelectronics N.V. (NYSE:STM) designs, manufactures, and sells semiconductor products across automotive, industrial, personal electronics, and AI-related infrastructure markets globally.
1. Uber Technologies, Inc. (NYSE:UBER)
Uber Technologies, Inc. (NYSE:UBER) ranks among the best technology growth stocks to buy under $100. Following news of Uber Technologies, Inc. (NYSE:UBER)’s efforts to acquire Berlin-based food delivery platform Delivery Hero, DA Davidson reaffirmed its Buy rating and $107 price objective for the company on May 26. Analysts say Uber Technologies, Inc. (NYSE:UBER) sees a strategic advantage in growing its global delivery presence and merging Delivery Hero’s operations into Uber’s mobility operations in a number of regions.
Uber Technologies, Inc. (NYSE:UBER) reportedly proposed EUR 33 per share, or nearly $9.3 billion, for Delivery Hero’s remaining shares, in which it owns a 19.5% stake. Delivery Hero acknowledged receiving the offer from Uber, but subsequent reports suggested the bid was rejected.
Bernstein analysts, on the other hand, predict that the acquisition will reduce Uber’s earnings in the short run. According to Bernstein’s base-case model, the acquisition will cut Uber’s GAAP earnings per share by roughly 7% in the first year after closure, with a 1% reduction during the next year as synergies and Delivery Hero’s profitability increase.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.
While we acknowledge the potential of UBER 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 UBER and that has 100x upside potential, check out our report about the cheapest AI stock.
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