Jefferies Analysts Out With Top Stock Picks Before Global Tech Conference

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Oracle

This top software stock was hit hard in March and still offers a very good entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.

The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.

Shareholders are paid a 1.65% dividend. Jefferies has a price target of $61, and the posted consensus target is $55.73. The stock closed Monday at $46.07.

Radware

Jefferies has been bullish on this company since it started coverage in 2016. Radware Ltd. (NASDAQ: RDWR) is a global leader of application delivery and application security solutions for virtual, cloud and software-defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications while maximizing IT efficiency.

Radware’s solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down.

The Jefferies price target is set at $28. The consensus target is $24, and shares closed near that on Monday at $23.06.

WEX

This smaller company looks to be a big winner from tax reform. WEX Inc. (NYSE: WEX) is a provider of corporate payment solutions. It operates through three segments. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs.

The Health and Employee Benefit Solutions segment provides health care payment products and software as a service consumer-directed platforms, as well as payroll-related benefits to customers in Brazil.

The company’s tax rate is expected to drop from 36.3%, which Jefferies thinks can raise earnings per share almost 13%.

The $202 Jefferies price target is well above the consensus target is of $174.54. Shares closed Monday at $171.45.

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These nine excellent companies are the top picks from the outstanding team of tech analysts at Jefferies. Their shares are good choices for aggressive growth portfolios looking to add to technology weighting.