In this article, we will discuss the Top 10 AI and Technology Stocks to Buy According to Analysts.
As per Goldman Sachs, there are signs that AI has been surpassing even the bullish expectations of 2024. There has been a substantial increase in usage of the most popular models, with the amount of AI investment from leading hyperscale technology companies anticipated to be about double than what was predicted, added George Lee (co-head of the Goldman Sachs Global Institute).
Key Trends in Broader AI and Technology Sector
The ever-increasing energy demands of Big Tech continue to undermine ambitious climate pledges that the leading tech giants made over the recent years, highlighted BNN Bloomberg, while quoting a report from the non-profit NewClimate Institute. The tech sector continues to witness a climate strategy crisis, with its data centres demanding ever more electricity and water in a bid to power growing fields, like AI and cloud computing.
In the US, over half of the 5,400 data centres carrying out operations in March were running on fossil fuels, highlighted BNN Bloomberg, while quoting the Environmental and Energy Study Institute (a US think tank). As per the International Energy Agency, the data centre-driven energy demand increased 12% from 2017 to 2024, and is projected to double again by 2030.
Amidst these favourable trends, let us now have a look at the Top 10 AI and Technology Stocks to Buy According to Analysts.
Our Methodology
To list the Top 10 AI and Technology Stocks to Buy According to Analysts, we sifted through several online rankings to shortlist the stocks catering to the broader AI and technology sector. Next, we narrowed the list to the ones analysts are talking about. We chose the stocks in which analysts see upside to. Finally, the stocks are ranked in ascending order of their average upside potential, as of June 27. We also mentioned the hedge fund sentiments around each stock, as of Q1 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).
Top 10 AI and Technology Stocks to Buy According to Analysts
10. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 273
Average Upside Potential: ~8.4%
Meta Platforms, Inc. (NASDAQ:META) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, UBS upped the price objective on the company’s stock to $812 from $683, while keeping a “Buy” rating, as reported by The Fly. The firm highlighted Meta Platforms, Inc. (NASDAQ:META)’s long-term opportunity to garner additional revenue due to several AI products. As per the firm, Meta Platforms, Inc. (NASDAQ:META) continues to benefit from consumer and advertiser demand for AI.
Furthermore, the company is not necessarily exposed to the risks from potentially slower-than-anticipated enterprise AI spend, because it is the primary user of its own technology, added UBS. This positioning supports in insulating Meta Platforms, Inc. (NASDAQ:META) from what the firm describes as a potential capacity-demand digestion phase in the overall AI market. Some of the recent developments in the company’s AI strategy include its investment in Scale AI and increased recruitment of AI talent. These were the factors UBS acknowledged while maintaining its rating on Meta Platforms, Inc. (NASDAQ:META)’s stock.
Macquarie Asset Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:
“The largest individual detractors from performance relative to the benchmark were not owning Meta Platforms, Inc. (NASDAQ:META), not owning Eli Lilly & Co., and our position in Electronic Arts Inc. Meta stock was slightly negative to end the quarter but relative to the benchmark and other communication services stock performed well. Having a zero weight relative to the large benchmark allocation hurt. We continue to follow this company closely and while we have become incrementally more constructive, we still have lingering concerns about the business model and worry the cyclical weakness in advertising spend could create further pressure.”
9. Super Micro Computer, Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 40
Average Upside Potential: ~9%
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, KeyBanc initiated coverage of the company’s stock with a “Sector Weight” rating. As per the firm’s analyst, Super Micro Computer, Inc. (NASDAQ:SMCI) might have set the expectations too high for FY 2026, considering that the overall end market seems to be decelerating and getting more competitive.
The firm highlighted concerns regarding the competitive nature of the server market, and tags it as one of the most competitive businesses in the broader IT Hardware space. It also expects that these competitive and structural factors can pressurize gross margins. Considering the lower growth, lower margins, and the company’s lack of FCFs, KeyBanc took a more cautious view.
Super Micro Computer, Inc. (NASDAQ:SMCI) announced that liquid-cooled and air-cooled GPU solutions would be available with new AMD Instinct MI350 series GPUs, optimized for unparalleled performance, maximum scalability, and efficiency. Notably, the Supermicro H14 generation of GPU optimized solutions featuring dual AMD EPYC™ 9005 CPUs along with the AMD Instinct MI350 series GPUs have been designed for companies that focus on maximum performance at scale, while, at the same time, reducing total cost of ownership for AI-driven data centers.
Super Micro Computer, Inc. (NASDAQ:SMCI) is a total IT solution provider for AI, Cloud, Storage, and 5G/Edge.
8. Arista Networks Inc (NYSE:ANET)
Number of Hedge Fund Holders: 75
Average Upside Potential: ~10.6%
Arista Networks Inc (NYSE:ANET) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, KeyBanc analyst Brandon Nispel began coverage of the company’s stock with an “Overweight” rating and a price objective of $115, as reported by The Fly. The firm highlighted Arista Networks Inc (NYSE:ANET)’s leadership position in cloud and data center networking, demonstrating its industry-leading organic growth, which continues to compound over the past decade and is anticipated to continue.
Furthermore, the firm also expects Arista Networks Inc (NYSE:ANET) to perform well, with the industry shifting towards AI and hyperscalers continuing their spending patterns. Notably, the company’s established relationships with cloud titans continue to show accelerating growth in 2025. The firm believes that Arista Networks Inc (NYSE:ANET) warrants a premium valuation, and any pullback should be considered as a buying opportunity.
As the company enters 2025, AI, cloud, and enterprise customers have been driving network transformation. The company exceeded $2 billion in revenue for the first time in Q1 2025. Arista Networks Inc (NYSE:ANET) rolled out advanced capabilities to maximize AI cluster performance and efficiency. Renaissance Investment Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:
“Arista Networks Inc (NYSE:ANET) dropped after reporting in-line forward guidance, leading to increasing questions around the sustainability of capital investments that have driven the company’s growth. While we were disappointed with Arista’s stock reaction, we remain encouraged by strong demand for the company’s data center switching products, which remain essential to the secular growth of cloud computing.”
7. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 45
Average Upside Potential: ~11.3%
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, KeyBanc analyst Brandon Nispel began coverage of the company’s stock with a “Sector Weight” rating, as reported by The Fly. The firm opines that Hewlett Packard Enterprise Company (NYSE:HPE) is strategically poorly positioned. Furthermore, the company has underperformed with respect to growth in Servers while margins continue to compress. KeyBanc ended by saying that Hewlett Packard Enterprise Company (NYSE:HPE)’s business appears to be an underperformer as compared to peers, which makes the stock fairly valued.
On June 28, Hewlett Packard Enterprise Company (NYSE:HPE) and Juniper Networks, Inc. announced that they have reached an agreement with the U.S. Department of Justice that, subject to court approval, resolves the lawsuit challenging the company’s acquisition of Juniper, clearing the way for the transaction to close. The customers will have a modern network architecture alternative, which can support the demands of AI workloads. Notably, the combination of HPE Aruba Networking and Juniper Networks is expected to offer customers a comprehensive portfolio of secure, AI-native networking solutions and ramp up Hewlett Packard Enterprise Company (NYSE:HPE)’s ability to grow in the AI data center, service provider, and cloud segments.
Hewlett Packard Enterprise Company (NYSE:HPE) provides the high-performance computing, cloud platforms, and software required to run and scale AI workloads.
6. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 63
Average Upside Potential: ~12.9%
Dell Technologies Inc. (NYSE:DELL) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, KeyBanc began coverage of the company’s stock with a “Sector Weight” rating, as reported by The Fly. As per the firm, Dell Technologies Inc. (NYSE:DELL) has executed well and there remains a strong revenue growth profile, operating efficiency, and ultimately a robust FCF/capital return profile. That being said, the firm opines that the revenue growth is being aided by lower margin AI Servers, where the firm expects gross margin pressure to continue.
Furthermore, the firm remains more skeptical of the magnitude of the PC refresh cycle, concluding that Dell Technologies Inc. (NYSE:DELL) is fairly valued at the current juncture. In Q1 2026, the company saw record servers and networking revenue of $6.3 billion, and it continues to experience healthy demand for its AI-optimized servers. Dell Technologies Inc. (NYSE:DELL) generated $12.1 billion in AI orders in Q1 2026 alone, exceeding the entirety of shipments in all of FY 2025 and leaving the company with a backlog to the tune of $14.4 billion. For FY 2026, the company expects revenue of between $101.0 billion – $105.0 billion, reflecting a rise of 8% YoY at the midpoint of $103.0 billion.
Dell Technologies Inc. (NYSE:DELL) plays a critical role in offering the hardware infrastructure and solutions critical for AI workloads, data centers, enterprise IT systems, and cloud computing.
5. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 80
Average Upside Potential: ~14.3%
ASML Holding N.V. (NASDAQ:ASML) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, Jefferies analyst Janardan Menon downgraded the company’s stock to “Hold” from “Buy” with a price objective of EUR 690, an increase from the prior target of EUR 660. The firm expects 2026 wafer fab equipment to witness a fall of 1%, compared to the consensus of positive double-digit growth. The analyst further added that the negative view comes due to an anti-consensus expectation for a 16% decline in DRAM wafer fab equipment in 2026, and a further fall in China wafer fab equipment.
ASML Holding N.V. (NASDAQ:ASML)’s Q1 2025 total net sales amounted to €7.7 billion, which were in line with its guidance. The gross margin stood at 54.0%, which was above guidance and driven by a favorable EUV product mix and achievement of performance milestones. ASML Holding N.V. (NASDAQ:ASML) also highlighted that AI remains the primary growth driver in the industry. It has led to a pivot in the market dynamics, which benefits some customers more than others, resulting in upside potential and downside risks as reflected in the 2025 revenue range. ASML Holding N.V. (NASDAQ:ASML) expects total net sales for the year of between €30 billion – €35 billion, with a gross margin of 51% and 53%.
Appalaches Capital, an investment management firm, released its Q1 2025 investor letter. Here is what the fund said:
“We also initiated positions in ASML Holding N.V. (NASDAQ:ASML) and Lam Research Corporation (LRCX), companies that manufacture capital equipment for the semiconductor industry. You may be wondering if I have been “red-pilled” by A.I. after being so iconoclastic to the trend just a year ago. Not quite. Despite all of the attention being given to Artificial Intelligence, the rest of the semiconductor industry, like memory and trailing-edge nodes, has been recovering out of a cyclical trough. Semiconductor foundries have additionally announced large increases to their capital expenditure budgets, which flow directly into the backlogs of companies like ASML and Lam. After a long period of consolidation, both operate in a highly consolidated industry structure with little to no competition. Both companies have smart and disciplined capital allocation, returning most of their cash flows to shareholders through large repurchase programs. While not thought of as traditional value stocks (despite having healthy free cash flow yields), I have a very favorable view of the industry broadly.
In order to understand what these companies do, and why it is so difficult to compete with them, a quick look into a semiconductor fabrication facility (a “fab”) is necessary.
Fabs vary in size, but most modern facilities will be at least 250,000 square feet in production space, or around 6 acres. According to Intel, their fabs have 1,200 different tools laid out across the facility, each having a size that ranges from that of a small car to a school bus. These tools print, deposit, etch, clean, and inspect features that are only nanometers in size on a small disk of crystalline silicon, called a wafer. These silicon wafers travel from tool to tool in a sterilized container on an interconnected highway system of rails, intentionally and algorithmically laid out for maximum efficiency. A wafer will be transferred from machine-to-machine thousands of times over a period of three to four months before being completed; any interruption in the process significantly reduces the throughput of the fab and risks contaminating the highly delicate chip-structure with dust and other microscopic debris. The fabs themselves take three to five years to build and are designed around the dimensions of the tools being purchased. All of this is to say that once a tool is in the specifications of the facility, there is no replacing it with a competitor…” (Click here to read the full text)
4. Autodesk, Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 24
Average Upside Potential: ~14.7%
Autodesk, Inc. (NASDAQ:ADSK) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 27, Berenberg upgraded the company’s stock to “Buy” from “Hold” with a price objective of $365, an increase from the prior target of $325, as reported by The Fly. The firm noted a compelling margin-expansion opportunity at Autodesk, Inc. (NASDAQ:ADSK). Unlike earlier AI tools, which simply improved user productivity, the AI agents have the ability to execute business tasks with full autonomy and agency, according to the firm’s analyst.
The firm believes that this technological advance unlocks fundamental new value in AI adoption for enterprises, and this trend can benefit Autodesk, Inc. (NASDAQ:ADSK). The company is focusing its growth investments on the strategic priorities in cloud, platform, and AI. Furthermore, it continues to optimize its sales and marketing and has been investing to enable future optimization, which fuels higher margins. For Q2 2026, Autodesk, Inc. (NASDAQ:ADSK) expects revenue in the range of $1,720 million – $1,730 million, and EPS (GAAP) of between $1.37 – $1.46.
Autodesk, Inc. (NASDAQ:ADSK) is a leading AI and technology business because it is engaged in developing advanced software platforms for engineering, design, and manufacturing. The company uses AI for the automation of design processes and optimization of construction planning.
Parnassus Investments, an investment management company, released its Q3 2024 investor letter. Here is what the fund said:
“In Software, we added Autodesk, Inc. (NASDAQ:ADSK) and Cloudflare while exiting Bill.com. We believe Autodesk’s dominant position in architecture, engineering and construction software allows it to increase margins and offer attractive revenue growth. Autodesk is a market-leading vertical software company with the ability to meaningfully improve its margins, while its revenue growth should accelerate as it completes its sales channel re-alignment.”
3. A10 Networks, Inc. (NYSE:ATEN)
Number of Hedge Fund Holders: 24
Average Upside Potential: ~15.0%
A10 Networks, Inc. (NYSE:ATEN) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 28, Deutsche Bank began coverage of the company’s stock with a “Buy” rating and a price objective of $22, as reported by The Fly. The firm sees A10 Networks, Inc. (NYSE:ATEN) as a unique SMID-cap story, which possesses a differentiated mix of attributes, making it attractive despite its relatively small size. Furthermore, the firm highlighted the company’s high-single-digit revenue growth potential.
A10 Networks, Inc. (NYSE:ATEN)’s strong cash flow margins aid both share buybacks and dividends, which provide multiple avenues for shareholder returns. Overall, Deutsche Bank opines that this combination of growth, elevated margins, and consistent profitability demonstrates a rare combination of attributes. Notably, A10 Networks, Inc. (NYSE:ATEN) announced that it has been selected by Microsoft to help in securing mission-critical generative AI workloads. This reflects A10 Networks, Inc. (NYSE:ATEN)’s strength in scaling protection for AI-optimized infrastructure as well as reaffirms its role to safeguard the next wave of cloud innovation.
A10 Networks, Inc. (NYSE:ATEN) is a critical player in the broader AI and technology space because it embeds AI and ML throughout its advanced networking and cybersecurity platforms.
2. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 96
Average Upside Potential: ~20.2%
Micron Technology, Inc. (NASDAQ:MU) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, Raymond James analyst Srini Pajjuri upped the price target on the company’s stock to $150 from $120, while keeping an “Outperform” rating. The firm highlighted Micron Technology, Inc. (NASDAQ:MU)’s fiscal Q3 2025 results and Q4 2025 outlook, both of which surpassed the consensus expectations. The company saw revenue of $9.30 billion compared to $8.05 billion in the prior quarter and $6.81 billion in the same period of the last year.
As per the firm, gross margins showcased better performance than the expectations. They are anticipated to expand further, thanks to the pricing and mix tailwinds. The firm noted that Micron Technology, Inc. (NASDAQ:MU)’s High Bandwidth Memory (HBM) revenue saw an increase of ~50% quarter-over-quarter. The company’s HBM4 roadmap seems to be solid, potentially allowing for further market share gains in 2026.
Micron Technology, Inc. (NASDAQ:MU) remains on track to deliver record revenue with solid profitability and FCF in fiscal 2025 amidst disciplined investments to build on the technology leadership and manufacturing excellence in order to satisfy increased AI-driven memory demand. On a GAAP basis, the company expects revenue of $10.7 billion (± $300 million) and gross margin of 41.0% (± 1.0%) in Q4 2025.
Micron Technology, Inc. (NASDAQ:MU) manufactures advanced memory and storage products that are important components in AI systems for handling data processing as well as training workloads.
1. Elastic N.V. (NYSE:ESTC)
Number of Hedge Fund Holders: 52
Average Upside Potential: ~34.9%
Elastic N.V. (NYSE:ESTC) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 27, Monness Crespi & Hardt upgraded the company’s stock from “Neutral” to “Buy,” setting the price objective of $111.0, as reported by The Fly. As per the firm, after a decline in 2024, the company’s shares have declined ~17% this year, while AI-fueled tech stocks managed to climb to new all-time highs in 2025. Considering the depressed EV/Revenue multiple as compared to the consumption-based software group and the firm’s software universe at large, it finds Elastic N.V. (NYSE:ESTC)’s valuation compelling at current levels. The firm opines that the company remains well-placed for the GenAI movement, added the analyst.
Elastic N.V. (NYSE:ESTC) continues to demonstrate its leadership in Search AI, with customers continuing to build Generative AI applications and consolidating onto its platform. Elastic N.V. (NYSE:ESTC)’s total customer count with Annual Contract Value (ACV) over $100,000 was more than 1,510 in Q4 2025 as compared to over 1,460 in Q3 FY 2025, and over 1,330 in Q4 FY 2024. For Q1 2026, the company expects total revenue of between $396 million – $398 million, reflecting 14% YoY growth at the midpoint (13% YoY constant currency growth at the midpoint).
Elastic N.V. (NYSE:ESTC) is a search AI company that is engaged in providing software platforms to run in hybrid, public, or private clouds and multi-cloud environments.
While we acknowledge the potential of ESTC 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 ESTC and that has 100x upside potential, check out our report about this cheapest AI stock.
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