5 Analyst Focus List Technology Stocks to Buy for the Rest of 2017
This company could be a big player in the new iPhone 8. Synaptics Inc. (NASDAQ: SYNA) is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
The company focuses on the personal computer ( PC) market, primarily notebook computers, including ultrabooks, the markets for digital lifestyle products, including mobile smartphones and feature phones, the tablet market and other select electronic device markets with its customized human interface solutions.
Synaptics SecurePad is a touchpad that Synaptics has developed that integrates its Natural ID fingerprint sensors right inside the touchpad. This is an outstanding technology for gamers because it can be used easily as a piece of the touchpad and not feel like an auxiliary component of the system.
The $74 JPMorgan price target is compares with the consensus figure of $63.04. The shares closed trading on Tuesday at $52.66 apiece.
This smaller capitalization company has solid upside potential. Viavi Solutions Inc. (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including Viavi Velocity Solution Partners.
The company delivers end-to-end visibility across physical, virtual and hybrid networks, enabling customers to optimize connectivity, quality of experience and profitability. Viavi is also a leader in high performance thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer electronics, automotive, defense and instrumentation markets.
The analysts noted this in a recent report:
We continue to see material upside to Viavi’s earnings from 3D sensing in the new iPhone as well as ongoing restructuring. We also believe accretive consolidation deals are a possibility.
JPMorgan has set its price target at $12.50. The posted consensus target is $11.82. The shares closed Tuesday at $10.81.
This may still be one of the best stocks to own, especially after getting hammered recently. VMware Inc. (NYSE: VMW) provides virtualization infrastructure solutions in the United States and internationally.
The company’s virtualization infrastructure solutions include a suite of products designed to deliver a software-defined data center run on industry-standard desktop computers and servers, and support a range of operating system and application environments, as well as networking and storage infrastructures. Its solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity.
JPMorgan has confidence in the company’s growth prospects given a series of strong earnings results combining healthy growth in newer initiatives along with better-than-feared declines in its core vSphere business. In addition, other top Wall Street analysts feel it is becoming more apparent that enterprises of all sizes are adopting hybrid clouds at a faster clip than many originally assumed, and JPMorgan believes VMware’s emerging partnership with AWS will help extend the half-life of its massive vSphere installed base.
The JPMorgan price target is $105. The posted consensus target is $103.87, and shares closed on Tuesday at $88.56.
These five well-known technology stocks to buy offer investors a better value proposition and have not been swept up in momentum traders’ wake. For long-term tech investors, they may offer solid upside potential going forward, with less potential downside risk.