5 Best Young Technology Stocks to Buy Now

2. NIQ Global Intelligence plc (NYSE:NIQ)

Stock Upside Potential: 85.05%

Number of Hedge Fund Holders: 26

NIQ Global Intelligence plc (NYSE:NIQ) is one of the best young technology stocks to buy now. On April 30, NIQ Global Intelligence plc (NYSE:NIQ) entered into a strategic partnership with Ulta Beauty to enhance its visibility in the US beauty market.

As part of the strategic collaboration, Ulta Beauty is to share sales data for inclusion in NIQ’s Full View of Beauty channel. The ultimate goal is to enhance omnichannel measurement across the prestige and mass beauty and wellness segments. The company will also leverage NielsenIQ as its primary beauty insights panel provider, while utilizing its Omnishopper and Digital Purchases solutions for enterprise analytics.

NielsenIQ is making a name for itself in beauty insights by providing shopper insights through Omnishopper, which captures consumer behavior across online and offline environments. Its strategic partnership with Ulta Beauty will offer beauty brands access to crucial data to inform decisions on assortment strategy, innovation, and market planning.

The strategic collaboration comes on the heels of the company launching the NIQ Commerce Lab for developing technology infrastructure for AI-driven commerce systems. The lab will focus on providing data platforms and measurement systems for AI-mediated shopping environments.

NIQ Global Intelligence plc (NYSE:NIQ) is the world’s leading consumer intelligence company, providing comprehensive data, analytics, and insights into consumer buying behavior and retail performance. By combining data from online and offline channels, they help brands and retailers optimize strategies, track sales, and identify growth opportunities across over 100 markets.