3 Cutting-Edge Tech Stocks to Buy as Huge Changes May Be Imminent

If you think technology is not a fast evolving sector, just remember, the first iPhone came out a short eight years ago. Think of how in that time the smartphone has changed everything. A new research report from Deutsche Bank focuses on three tech stocks to buy that are part of the new analytics and big data revolution.

The Deutsche Bank team report that in recent conversations with the top vendors in the analytics and big data arena, some have recently noted that they are seeing larger enterprise deals, as customers look to displace portions of old legacy “BI 1.0” deployments. Business intelligence (BI) is a term coined by Gartner in 1989 as a label to which all the organizational and technological facets of gathering and analyzing available data to improve business decision making and performance can be applied.

Deutsche Bank makes the case that while this redeployment migration opportunity is in the earliest of stages, the end potential could be huge, especially considering that the legacy BI platform software market is a massive $14 billion today, and a small 15% to 20% could be gigantic for smaller companies.

The Deutsche Bank analysts are focused on three top stocks to buy now that may take advantage of this huge potential.

ALSO READ: 4 Big Upside Chip Stocks to Buy for the Rest of 2015

Qlik Technologies

Qlik Technologies Inc. (NASDAQ: QLIK) is the top pick at Deutsche Bank, and the company that beat second-quarter earnings estimates. Its QlikView Business Discovery platform lets people quickly bring data sources together to create dynamic visual applications that can be navigated and searched intuitively. QlikView uses Natural Analytics to reflect the way human curiosity searches and processes information, while delivering the enterprise manageability, governance and service offerings organizations require.

Qlik Technologies was named in the spring the top “cross-industry” vendor in the KLAS Report, “Healthcare Analytics: Moving Toward the Continuum of Care,” for having the best understanding of health care analytics and for being one of the most important vendors to a customer’s organization in terms of their future BI and analytics plans.

The company’s new Qlik Sense product, which has helped push the company in the business intelligence and analytics market, is seeing strong demand trends as the second-quarter licensing total of $76.3 million was much higher than estimates and the strongest since 2011. New customer license and maintenance billings were up 35% in the United States and 28% in the European Union.

The Deutsche Bank price target for the stock is $50, and the Thomson/First Call consensus price target is $45.56. The stock closed most recently at $39.

ALSO READ: 3 Top Telecom Services Stocks to Buy on Surging Demand

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.