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Top Tech Analyst Reveals Two Top Tech Picks

Citi analyst Mark Mahaney is one of the most widely followed tech analysts there is. And when he speaks, investors listen.

Just this week Mark Mahaney moved Priceline after he reiterated his ‘Buy’ rating on the stock, while lifting his price target to $425, from $325.

“Despite a 53% year-to-date price surge, we continue to view PCLN as one of the most attractive large cap Internet stocks and the best play off the secular growth in online travel,” he says.

Mahaney also tells us Amazon is ‘Buy” despite its meteoric rise.

”We still have a nice product cycle ahead,” he says. “The Kindle will probably be one of the key gadgets,” for the holidays.

He also like Amazon’s prospects overseas. “International revenue has accelerated 4 quarters in a row and they’re laying out a whole bunch of new distributions centers.”

Are the gains sustainable long term. Mahaney thinks they are.

"People traded down to Priceline during the recession and they’re sticking with it and people traded down to Amazon during the recession and they’re sticking with it," he says.

Want more trades? Click here to find out how the Fast Money desk suggests trading tech!


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Trader disclosure: On September 21st, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL); Adami owns (AGU), (BTU), (NUE), (GS), (C), (INTC), (MSFT); Adami’s wife works at Merck; Terranova Owns (APA), (AAPL), (ARUN), (BMO), (C), (DO), (EOG), (FCX), (FTO), (XBI), (GS), (HES), (IBM), (JOYG), (MA), (NBR), (NOV), (OXY), (ORCL), (PEP), (POT), (RSH), (GLD), (SLB), (SU), (SPLS), (RIG), (UPL), (VRTS)

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For Mark Mahaney
Citigroup Global Markets Inc. or an affiliate received compensation for products and services other than investment banking services from Amazon.com Inc in the past 12 Months.
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, securities related: Amazon.com Inc.
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, nonsecurities- related: Amazon.com Inc.
Citigroup is a market maker in the publicly traded equity securities of Amazon.com
Citigroup is a market maker in the publicly traded equity securities of Priceline.com

For Michael Binetti
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CNBC.com with wires.

Symbol
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AMZN
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PCLN
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