Wall Street sees growth ahead for these 6 cheap tech names
While the technology sector overall has had a rough year, there are some stocks in the space that now trade at a significant discount and are highly favored by Wall Street analysts. For long-term investors, it means that now may be a good time to snap up these names and wait out the storm.
Analysts see it jumping more than 45% from current levels. It's trading at a more than 52% discount as well. Match Group is a solid internet stock pick going into 2023 as it has guard rails heading into year-end, Lauren Schenk of Morgan Stanley wrote in a Nov. 2 note. The "self-help story, sequential acceleration, and several upside drivers set up to be one of the best '23 stories in our space at compelling valuation, albeit with macro uncertainty," she wrote.
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