5 Most Promising Tech Stocks According to Analysts

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In this article, we will take a look at the 5 most promising tech stocks according to analysts. To see more such companies, go directly to 12 Most Promising Tech Stocks According to Analysts.

5. Zoom Video Communications, Inc. (NASDAQ:ZM)

One-Year Price Target: 85.74

Zoom Video Communications, Inc. (NASDAQ:ZM) has rebounded in 2023 thanks to the broader rally in tech stocks as well as the company’s plans to cut costs and improve its revenue. Zoom Video Communications, Inc. (NASDAQ:ZM) reportedly announced plans to cut 15% of its workforce. Last month, Barclays noted that Zoom Video Communications, Inc. (NASDAQ:ZM) was preparing to increase the price of its Zoom One Pro Plan.

As of the end of the third quarter of 2022, 50 hedge funds had stakes in Zoom Video Communications, Inc. (NASDAQ:ZM), up from 37 hedge funds in the previous quarter.

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