3 Soaring Tech Stocks To Buy For More Growth In 2021

The company topped our Q2 FY21 estimates at the end of October, and Zacks estimates call for its FY21 revenue to soar 105%, with FY22 projected to come in another 29% higher to reach $364 million. Meanwhile, its adjusted earnings are expected to climb by 215% and 37%, respectively over this stretch.  

As we touched on earlier, APPS has skyrocketed over 700% in 2020 from $7 per share to around $60. Digital Turbine has outpaced fellow pandemic high-flyers such as Tesla (TSLA Quick Quote TSLA - Free Report), Zoom Video (ZM Quick Quote ZM - Free Report), and Shopify (SHOP Quick Quote SHOP - Free Report) and it hit new records on Tuesday.

Digital Turbine’s earnings outlook has also surged since its last report to help it land a Zacks Rank #2 (Buy) at the moment. APPS also grabs an “A” grade for Growth in our Style Scores system and three of the five brokerage recommendations Zacks has for Digital Turbine come in at a “Strong Buy.”

Zendesk, Inc. (ZEN Quick Quote ZEN - Free Report)

Zendesk is a cloud-focused CRM firm with a software portfolio geared toward sales, support, and customer engagement. The company boasts over 160,000 customers from startups to large businesses.

ZEN topped our Q3 estimates at the end of October and it’s poised to grow as more companies, from a range of industries are forced to ramp up their digital transformations. “Traditional brick-and-mortar businesses are embracing new models of engagement across stores, e-commerce, and emerging channels like social and messaging…” the company wrote in a letter to shareholders last quarter.

ZEN has climbed 85% in the last year to double its industry’s average. This is part of a more impressive run that seen it soar 325% over the past three years. More recently, Zendesk has surged 45% in the trailing three months and it hit a new high of roughly $144 a share on Wednesday.

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