3 Unknown Tech Stocks That Could Rocket in 2023
One of the most satisfying parts about investing is finding hidden gems that have gone unloved or unnoticed by investors, and riding them to substantial returns. Whether you’re looking for unknown tech stocks or sleepers from other sectors, the key is focusing on stocks that aren’t followed closely by analysts and institutions. In 2022, SP 500 tech stocks are down 26.1% through Sept. 20. That’s the second-worst sector performance behind only communication services with a 36.4% decline year-t0-date. The Invesco SP SmallCap Information Technology ETF (NASDAQ: PSCT ) tracks the performance of the SP SmallCap 600 Capped Information Technology Index . The ETF currently has 70 holdings. To qualify, they must have 25% or more revenue growth and a small analyst following. A quick screen suggests I need to widen my search to all of the tech stocks in the SP 1500. Here are three I believe could do big things in 2023. ADTN Adtran Holdings $18.64 CLFD Clearfield $92.58 AZPN Aspen Technology $22.246 Adtran Holdings (ADTN) Source: John-Fs-Pic | Shutterstock.com Adtran Holdings (NASDAQ: ADTN ) is a leading provider of networking and communications platforms, systems, and services to broadband companies worldwide.
3 Unknown Tech Stocks That Could Rocket in 2023
One of the most satisfying parts about investing is finding hidden gems that have gone unloved or unnoticed by investors, and riding them to substantial returns. Whether you’re looking for unknown tech stocks or sleepers from other sectors, the key is focusing on stocks that aren’t followed closely by analysts and institutions. In 2022, SP 500 tech stocks are down 26.1% through Sept. 20. That’s the second-worst sector performance behind only communication services with a 36.4% decline year-t0-date. The Invesco SP SmallCap Information Technology ETF (NASDAQ: PSCT ) tracks the performance of the SP SmallCap 600 Capped Information Technology Index . The ETF currently has 70 holdings. To qualify, they must have 25% or more revenue growth and a small analyst following. A quick screen suggests I need to widen my search to all of the tech stocks in the SP 1500. Here are three I believe could do big things in 2023. ADTN Adtran Holdings $18.64 CLFD Clearfield $92.58 AZPN Aspen Technology $22.246 Adtran Holdings (ADTN) Source: John-Fs-Pic | Shutterstock.com Adtran Holdings (NASDAQ: ADTN ) is a leading provider of networking and communications platforms, systems, and services to broadband companies worldwide.