Morgan Stanley: 7 Killer Tech Plays

These 7 stocks are “at the cutting edge of a data era-driven productivity boom.”

Morgan Stanley has pinpointed the companies that are best positioned to hold a technological edge over the coming years. On this analysis, these stocks should make excellent long-term tech picks.

This is "the kind of opportunity that only comes along once in a decade", says the firm. And- as you may expect- this particular computing cycle comes with a focus on data tech i.e. AI, Internet of Things, and automation.

“Following nearly two decades of underinvestment in technology, we see enterprises reinvigorating IT spend to enable productivity and believe data technologies support a secular tailwind to IT budget growth,” comments Morgan Stanley’s chief US equity strategist, Mike Wilson.

“Additionally, we see a clear mindset shift at the executive level from viewing technology as supporting the business to technology becoming the business,” he explained.

Here we use TipRanks to dive into 7 of the most compelling stocks on Morgan Stanley’s list.

How does this work? We use TipRanks market data to select the stocks with the most bullish outlook. This is in terms of 1) the overall top analyst consensus rating- think ‘Buy’ rated stocks and 2) the upside potential from the current share price- think big.

Are you ready? Let’s take a closer look at the Street perspective on these stocks now:

1. Netflix (NFLX)

Following positive U.S. & UK survey results and a deep dive into the Indian market, RBC’s Mark Mahaney (Track Record & Recommendations) has reiterated his NFLX Buy rating. He also ramped up his price target substantially from $360 to $440 (19% upside potential).

“We believe that Netflix has achieved a level of sustainable scale, growth, and profitability that isn’t currently reflected in its stock price. This conclusion is based on our assessment of Netflix’s 57 million U.S. Subscriber and 73 million International Subscriber bases” writes this five-star analyst.

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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