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A Stock to Leverage Growth in Tech Confidence

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Fri, Aug 12, 2022 03:42 PM

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Tech stocks have made a strong comeback in the market over the last month. The NASDAQ Composite, hom

Tech stocks have made a strong comeback in the market over the last month. The NASDAQ Composite, home to the biggest tech stocks on the planet, is up 13.59% over the past 30 days. But there's tech outside of the NASDAQ, and one pick looks particularly promising today. Box Inc. (NYSE: BOX) is a provider of enterprise content solutions. It helps businesses to manage their enterprise content with easy sharing across devices. It is heavily focused on cloud content management. Stock in this company is rallying even better than some of its peers. In the last month, it's up 14.26%. Yesterday's closing price of $30.45 isn't far off the 52-week peak of $33.04. Analysts think it will go much higher. The best target price today is set at $41.00, suggesting a significant return. Confidence in this stock is being driven by an expected earnings upside. There's currently a high demand for digital transformation services in the corporate world. This is exactly where Box makes its money. In its most recent quarter, the company reported an 18% increase in revenue. With this momentum, it's set to be one of the standout tech companies in the ongoing market recovery. Find the investments today that can grow your wealth tomorrow. These investment strategies are essential to your success. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Crash Warning: EVERYTHING Just Changed Today's inflationary crisis has sprouted a head and morphed into a far more dangerous beast. And For the past 50 years, my firm has helped investors navigate some of the darkest moments in our history. 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