5 ‘Strong Buy’ Tech Stocks At Steep Discounts

Mimecast (MIME)

  • Down 11 percent in last three months
  • Strong Buy analyst consensus
  • Average analyst price target: $46 (35 percent upside potential)

Email is the number-one application used to communicate. It’s also the number-one target for cyberattacks. MIME’s (MIME – Research Report) cloud-based cyber resilience platform secures emails and email services like Microsoft’s Office 365.

The company has just posted solid results for for last quarter with organic sales growth of 32 percent. Once again, results come in better than advertised, cheered Baird’s Jonathan Ruykhaver (Track Record & Ratings) on November 9.

His $45 price target translates into sizeable upside potential of over 30 percent. The analyst is enthusiastic about new products including a web security service, Mimecast Web Security, which blocks policy violating and malicious websites, and Mimecast Awareness Training services.

“We view Mimecast as a secular play with optionality from new products along with industry leading tech for archiving and core defense” Ruykhaver concludes.

All the recent analyst ratings on MIME are bullish.

ANGI Homeservices (ANGI)

  • Down 9 percent in last three months
  • Strong Buy analyst consensus
  • Average analyst price target: $23 (26 percent upside potential)

ANGI Homeservices (ANGI – Research Report) is creating the world’s largest digital marketplace for home services. The company is the result of a tie-up between Angie’s List, a recommendations service for home improvement professionals, and IAC’s HomeAdvisor, which connects homeowners to these professionals.

This is a busy time for ANGI. On October 9 the company announced Chief Product Officer Brandon Ridenour as its new CEO. News that ANGI will snap up Handy Technologies Inc, a New York-based startup offering small tasks at fixed prices, quickly followed on October 11.

Plus the company has just reported strong third quarter results. “ANGI’s 2017 [earnings] goal of $270 million initially faced investor skepticism,” wrote Raymond James analyst Justin Patterson (Track Record & Ratings) on November 9.

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