| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| $474.96 | 3.53T | 12.92 | 0.70% | Technology | 228,000 | 2 days ago | |||
| $277.22 | 257.65B | 5.85 | 2.42% | Technology | 282,200 | 2 days ago | |||
| $311.71 | 195.14B | 12.13 | 1.90% | Technology | 799,000 | 2 days ago | |||
 GoDaddy Inc. GDDY | $175.74 | 25.04B | 5.20 | 0.00% | Technology | 0 | 2 days ago |
With Microsoft (MSFT) nosediving following its latest second-quarter earnings results, it’s no surprise that the broader tech sector isn’t looking too hot. Indeed, the July tech correction may just drag into August and stretch into September, historically a dull period for stocks. But here’s the silver lining: this volatility has paved the way for savvy investors like you to scoop up some high-potential tech stocks at a bargain.
Despite the Nasdaq 100’s plunge into correction territory, not all tech is melting down. We’re diving into three powerhouse tech stocks that have not just survived but thrived amid the latest market upheavals. IBM, Accenture, and GoDaddy are showing robust signs of resilience and are poised to climb even higher. These stocks have weathered the storm and are offering a remarkable buying opportunity that you won’t want to miss.
Editor's Note: Analysis and insight for this article were originally sourced sourced from our friends at InvestorPlace
IBM (IBM): An AI Titan Ready to Soar – Don’t Miss Out!
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IBM stands tall as a beacon of resilience in this shaky market. While the broader tech landscape has seen its fair share of sell-offs, IBM has managed to sidestep much of this turmoil. In fact, the stock has surged close to 15% over the last three months—an impressive feat. This tech behemoth isn’t just hanging on; it’s climbing new heights, nearing its 10-year highs.
One of IBM’s secret weapons is its hefty investment in AI. The company’s commitment to AI is exemplified by projects like the watsonx data platform. This is not your run-of-the-mill AI; these initiatives are geared to redefine industries, pushing boundaries in data management, machine learning, and predictive analytics. With over a century of innovation under its belt, IBM is also fast becoming an underrated long-term play in AI, making it an attractive pick for intelligent investors.
IBM’s ability to maintain its momentum underlines its stature as an underrated gem in the tech sector. By investing robustly in AI projects and showing consistent performance, IBM illustrates why it’s a stock worth watching—and buying—even amidst market turbulence.
Analyst Ratings for IBM
| Metric | Value |
| Consensus Rating | Overweight |
| Average Price Target | $145.44 |
| Potential Gain | 14.1% |
| Number of Ratings | 18 |
Summary of Analysts’ Outlook:
Analysts have a positive outlook on IBM, with a consensus rating of Overweight. The average price target of $145.44 suggests a potential gain of 14.1% from the current price. Most analysts believe that IBM’s strategic initiatives, including its focus on cloud computing, artificial intelligence, and blockchain, will drive growth and improve profitability.
Accenture (ACN): A Future-Ready Tech Consultancy Powerhouse
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Next on our list is Accenture, a juggernaut in tech consulting and outsourcing. As companies worldwide scramble to integrate AI into their systems, Accenture offers the expertise they need. Helping firms leverage AI is where Accenture shines, an area that promises exponential growth as industries modernize.
Accenture’s growth trajectory gets even more exciting when you consider its strategic acquisitions. Take the recent purchase of Cientra, a silicon design firm. This acquisition is set to supercharge Accenture’s innovation pipeline, making its consultancy services even more cutting-edge. This move has caught the eye of Baird, which praised Accenture’s bolstered innovation capabilities.
From a valuation perspective, Accenture is a tasty morsel. Trading at just 25.1 times forward P/E, it’s considered undervalued given its solid performance, which has seen an uptick of 17% since June. This affordability, combined with its resilient performance and key strategic moves, positions Accenture strongly for any forward-thinking investor.
Analyst Ratings for Accenture
| Metric | Value |
| Consensus Rating | Overweight (Buy) |
| Average Price Target | $343.14 |
| Potential Gain | 14.1% |
| Number of Ratings | 24 |
Summary of Analysts’ Outlook:
Analysts have a positive outlook on Accenture, with a consensus rating of Overweight (Buy). The average price target of $343.14 suggests a potential gain of 14.1% from the current price. Most analysts believe that Accenture’s strong brand, diversified service offerings, and solid execution will drive growth and profitability.
GoDaddy (GDDY): The AI-Driven Small Business Growth Machine
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GoDaddy has been on a meteoric rise, with its stock almost doubling since last October. That’s right—up 100%! This showcases not just growth but an impressive upward momentum that savvy investors should be keen to capitalize on.
What sets GoDaddy apart is its innovative AI tools. Specifically, GoDaddy Airo, an AI-enhanced tool for small businesses, has been a significant growth driver. This platform leverages AI to provide small businesses with valuable insights, automated tools, and enhanced customer interactions. Recent quarters have been nothing short of impressive, reinforcing its growth story.
Financially, GoDaddy looks like a steal, trading at just 12.4 times trailing P/E. This affordability, combined with its robust performance and innovative AI tools, positions GoDaddy as a top-tier pick for anyone looking to invest in rebounding tech stocks.
Analyst Ratings for GoDaddy
| Metric | Value |
| Consensus Rating | Overweight (Buy) |
| Average Price Target | $95.15 |
| Potential Gain | 14.1% |
| Number of Ratings | 14 |
Summary of Analysts’ Outlook:
Analysts have a positive outlook on GoDaddy, with a consensus rating of Overweight (Buy). The average price target of $95.15 suggests a potential gain of 14.1% from the current price. Most analysts believe that GoDaddy’s strong brand recognition, growing domain registration business, and expanding presence in the web hosting and online presence markets will drive future growth.
IBM, Accenture, and GoDaddy offer compelling cases as rebound stories in the volatile tech sector. Each has shown resilience, growth potential, and unique advantages that make them standout picks for any forward-thinking investor.
