Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks' performance. This piece highlights analysts with great track records who are not necessarily from the biggest firms.
The technology sector offers a wide array of products and services and is an undeniably huge investment opportunity for new and experienced traders alike.
TipRanks measured and ranked the top 10 technology analysts, highlighting which stocks these experts believe are expected to outperform the market.
We used a natural language processing algorithm to rank analysts based on the following factors:
- Success rate: The ratio of an analyst's buy/sell recommendations that generated positive returns in the following year.
- Average return: The annual average return generated by an analyst's buy/sell recommendations in the following year.
- Statistical significance: The more ratings an analyst has provided, the more statistically significant the results are, therefore allowing the analyst to be ranked very high or very low.
Here are the 10 best-performing technology analysts and which stocks they currently recommend.