5 Tech Stocks to Buy According to Billionaire Philippe Laffont

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In this article, we discuss the top 5 tech stocks to buy according to billionaire Philippe Laffont. To read the detailed history and analysis of Coatue Management’s portfolio, go directly to 10 Tech Stocks to Buy According to Billionaire Philippe Laffont.

5. Block, Inc. (NYSE:SQ)

Coatue Management’s Stake: $678.436 million

Block, Inc. (NYSE:SQ) reported its first quarter 2023 results on May 5, reporting an EPS of $0.40 compared to $0.32 estimates and also outperforming the revenue estimates of $4.5 billion after generating $5 billion. The company updated its guidance after strong Q1 results and expects 2023 adjusted EBITDA of $1.36 billion compared to the prior $1.30 billion outlook. Previously, Block, Inc. (NYSE:SQ) was expecting an adjusted operating loss of $150 million and now expects it to be $115 million.

Coatue Management’s increased its stake in Block, Inc. (NYSE:SQ) by 84% and held 9.88 million of the company shares valued at $678.436 million in the first quarter of 2023.

Follow Block Inc. (NYSE:SQ)

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