We recently compiled a list of the 11 Most Promising New Technology Stocks According to Analysts. In this article, we are going to take a look at where Ingram Micro Holding Corporation (NYSE:INGM) stands against the other promising new technology stocks.
Are the Tariffs Impacting the IPO Market?
The stock market entered 2025 with much optimism, taking confidence from last year’s performance. Similar to the stock market, the US IPO market also entered 2025 well-positioned for a promising year. However, the uncertainty regarding the tariffs has led to a lot of volatility in both the stock market and the IPO market.
On March 27, White & Case released its insights on the US IPO market. The report highlighted that the US IPO showed steady gains due to stabilized gains and falling interest rates in the fourth quarter of 2024. Last year marked the second consecutive year of positive growth in US IPO proceeds, including the SPACs (Special Purpose Acquisition Company), as the proceeds reached $41.36 billion after growing 75% year-over-year. While the growth was impressive, it was still well below the pre-pandemic levels. In terms of the IPO counts, the number of IPOs grew from 154 in 2023 to 231 in 2024. The report also noted that the United States continued to lead the global IPO market by posting more than twice the level of proceeds as India, which is the second-largest IPO market by proceeds.
The progress from the last year was carried on into 2025 as figures from the January 2025 IPO were favorable compared to the same month last year. In January, the US saw 29 IPOs, up from 17, with deal values growing from $3.45 billion to $5.1 billion. Moreover, the pipeline figures showed that there were 57 pending IPOs in March 2025. The United States market is anticipating more technology and artificial intelligence companies to go IPO during the year. This is due to the massive joint investment through Stargate’s $100 billion reserve.
The report acknowledged the uncertainty and difficulty that new companies might be facing due to the tariffs. However, the overall economic policies of the administration are viewed as capital-friendly, thereby paving the way for more IPOs to be filed this year.
Our Methodology
To curate the list of 11 most promising new technology stocks according to analysts, we used the Finviz stock screener and CNN. Using the screener, we aggregated a list of technology stocks that have IPOed within the last 3 years. Next, we sourced the upside potential based on Wall Street analysts’ price target estimates for each stock from CNN and ranked the stocks in ascending order of this indicator. We have also added the hedge fund sentiment around each stock from Insider Monkey’s Q4 2024 database. Please note that the data was recorded on May 13, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close up view of a person’s hands typing on a computer keyboard, emphasizing internet-based information technology services.
Ingram Micro Holding Corporation (NYSE:INGM)
Analyst Upside Potential: 19.67%
Number of Hedge Fund Holders: 24
Ingram Micro Holding Corporation (NYSE:INGM) is an international distributor of information technology products and services. Its offerings include cloud-based services, client and end-point solutions, and traditional hardware and software distribution. The company has operations in North America, the Middle East, Europe, Latin America, and Asia-Pacific.
On March 25, analyst Surinder Thind from Jefferies reiterated a Buy rating on the stock with a price target of $24. The analyst noted that although the earnings per share estimations have declined and the product margins are lower. However, the company’s valuations remain attractive. Ingram Micro Holding Corporation (NYSE:INGM) released its fiscal first quarter results for 2025 on May 8. The company grew its revenue by 8.3% to reach $12.28 billion. This was above the higher end of managements guidance. Moreover, the gross profit also came in close to the upper end of its guidance at $828.8 million. Looking ahead, management expects second quarter revenue to be between $11.77 billion to $12.17 billion. Ingram Micro Holding Corporation (NYSE:INGM) is one of the most promising new technology stocks according to analysts.
Middle Coast Investing stated the following regarding Ingram Micro Holding Corporation (NYSE:INGM) in its Q4 2024 investor letter:
“Ingram Micro Holding Corporation (NYSE:INGM) is a technology distributor of both hardware software. It is the biggest competitor in size to TD Synnex (SNX), which we also own. Ingram just went public again after being bought out and then resold a few years ago. It has the baggage of private equity ownership, which will put pressure on shares in the coming years. The company’s revenue has not been growing, though I think that’s an industry level issue. It has scale and is a leader in the industry, and trades meaningfully cheaper than its peers. We again have a starter position, but I don’t think that discount should persist (and in owning SNX, we believe there is value in the sector as a whole).”
Overall INGM ranks 7th on our list of the most promising new technology stocks according to analysts. While we acknowledge the potential of INGM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than INGM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
