Best High Tech Stocks To Buy Right Now

Target Price and Rationale

Target price of $22. Medpace’s (NASDAQ:MEDP) revenue will be flat in 2017 driven by its largest customer (10% of revenues) pulling back spending. This revenue will not be made up by other customers as the funding environment for small biotech is challenged. A bloated cost structure will reduce EBITDA margins due to lower cost absorption. A 10X EBITDA multiple – the low end of the range for peers is appropriate – resulting in a price target of $22.

Relevant Comps

INC Research Holdings (NASDAQ:INCR) Icon (NASDAQ:ICLR) PRA Health Sciences (NASDAQ:PRAH) PAREXEL (NASDAQ:PRXL)

Catalyst

Catalyst will be Medpace revising revenues down to reflect a challenging 2017 due to lower spend from its biggest customer, and a less robust funding environment for small biotech. A secondary offering from a 55% shareholder presents another potential catalyst.

Elevator Pitch

Medpace is a short because its biggest customer will be spending less on services this year, its 55% shareholder has realized a hefty profit and is free to sell shares, and its related-party transactions will eventually draw scrutiny and ire from investors.

Best High Tech Stocks To Buy Right Now: HTG Molecular Diagnostics, Inc.(HTGM)

Advisors’ Opinion:

  • [By Logan Wallace]

    HTG Molecular Diagnostics (NASDAQ: HTGM) is one of 24 public companies in the “Analytical instruments” industry, but how does it weigh in compared to its peers? We will compare HTG Molecular Diagnostics to similar businesses based on the strength of its institutional ownership, earnings, analyst recommendations, valuation, risk, profitability and dividends.

  • [By Logan Wallace]

    HTG Molecular Diagnostics (NASDAQ: HTGM) is one of 24 publicly-traded companies in the “Analytical instruments” industry, but how does it weigh in compared to its peers? We will compare HTG Molecular Diagnostics to similar companies based on the strength of its institutional ownership, profitability, earnings, risk, dividends, valuation and analyst recommendations.

  • [By Shane Hupp]

    HTG Molecular Diagnostics (NASDAQ: HTGM) is one of 24 publicly-traded companies in the “Analytical instruments” industry, but how does it compare to its competitors? We will compare HTG Molecular Diagnostics to similar companies based on the strength of its profitability, dividends, earnings, valuation, analyst recommendations, risk and institutional ownership.

Best High Tech Stocks To Buy Right Now: 2U, Inc.(TWOU)

Advisors’ Opinion:

  • [By Steve Symington]

    2U Inc.(NASDAQ:TWOU)announced first-quarter 2018 results on Thursday after the market closed, highlighting not only the strength of its core Graduate Program business, but also the growing influence of its short-course offerings following its acquisition of GetSmarter last year. Shares were up more than 6% on Friday as of this writing, so let’s settle in to learn more about what drove the online education-platform company this quarter, as well as what investors should be watching in the year ahead.

  • [By Brian Withers]

    2U Inc.’s (NASDAQ:TWOU) stock has had an amazing run since the company went public, up over 500% since the March 2014 IPO. The online education company posted stellar 2017 results and has continued robust revenue growth in Q1 2018 with 42% year-over-year growth. But the company still hasn’t posted a profit, with a net loss of $29.4 million in 2017, compared to a loss of $20.7 million in 2016. First-quarter results posted in early May showed a quarterly net loss of $14.9 million, and is the company projecting a full year net loss between $46.6 million and $44.7 million.

  • [By Todd Campbell]

    Investing in emerging growth stocks for the long haul can be a great way to produce market-beating returns, but with thousands of stocks to choose from, it can be tough figuring out which are worth owning. To help, I went searching for growth stocks that can be added to portfolios and pickedAtlassian Corp. (NASDAQ:TEAM), Mimecast (NASDAQ:MIME), and 2U Inc. (NASDAQ:TWOU) as my favorite stocks to buy in May. Read on to learn if these stocks are right for your portfolio, too.

Best High Tech Stocks To Buy Right Now: Lennox International, Inc.(LII)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its holdings in shares of Lennox International (NYSE:LII) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,403 shares of the construction company’s stock after selling 629 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lennox International were worth $900,000 at the end of the most recent reporting period.

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Halliburton Company (NYSE: HAL) to report quarterly earnings at $0.42 per share on revenue of $5.75 billion before the opening bell. Halliburton shares fell 0.06 percent to $51.93 in after-hours trading.
    Analysts expect Alphabet Inc. (NASDAQ: GOOGL) to post quarterly earnings at $9.33 per share on revenue of $30.31 billion after the closing bell. Alphabet shares gained 0.24 percent to $1,079.88 in after-hours trading.
    Before the markets open, Lennox International Inc. (NYSE: LII) is projected to report quarterly earnings at $1.09 per share on revenue of $815.16 million. Lennox shares dropped 2.84 percent to close at $197.08 on Friday.
    HNI Corporation (NYSE: HNI) reported retirement of its CEO Stan A. Askren and appointment of Jeffrey D. Lorenger as new CEO. HNI also reported strong earnings for its first quarter. HNI shares fell 3.17 percent to $34.20 in the after-hours trading session.
    Analysts are expecting Hasbro, Inc. (NASDAQ: HAS) to have earned $0.35 per share on revenue of $822.15 million in the latest quarter. Hasbro will release earnings before the markets open. Hasbro shares fell 0.39 percent to $82.49 in after-hours trading.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Lisa Levin] Companies Reporting Before The Bell
    Kimberly-Clark Corporation (NYSE: KMB) is expected to report quarterly earnings at $1.71 per share on revenue of $4.60 billion.
    Halliburton Company (NYSE: HAL) is projected to report quarterly earnings at $0.42 per share on revenue of $5.75 billion.
    Lennox International Inc. (NYSE: LII) is estimated to report quarterly earnings at $1.09 per share on revenue of $815.16 million.
    Alaska Air Group, Inc. (NYSE: ALK) is projected to report quarterly loss at $0.12 per share on revenue of $1.82 billion.
    Hasbro, Inc. (NASDAQ: HAS) is expected to report quarterly earnings at $0.35 per share on revenue of $822.15 million.
    Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is projected to report quarterly earnings at $1.08 per share on revenue of $729.83 million.
    Tennant Company (NYSE: TNC) is estimated to report quarterly earnings at $0.15 per share on revenue of $251.93 million.
    FirstEnergy Corp. (NYSE: FE) is projected to report quarterly earnings at $0.67 per share on revenue of $3.43 billion.
    Koninklijke Philips NV (ADR) (NYSE: PHG) is estimated to report earnings for its first quarter.
    Bank of Hawaii Corporation (NYSE: BOH) is expected to report quarterly earnings at $1.23 per share on revenue of $162.39 million.
    Avangrid, Inc. (NYSE: AGR) is projected to report quarterly earnings at $0.79 per share on revenue of $1.72 billion.

     

Best High Tech Stocks To Buy Right Now: Tutor Perini Corporation(TPC)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Tutor Perini (TPC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Lisa Levin]

     

    Companies Reporting After The Bell
    Booking Holdings Inc. (NASDAQ: BKNG) is projected to post quarterly earnings at $10.67 per share on revenue of $2.87 billion.
    CenturyLink, Inc. (NYSE: CTL) is expected to post quarterly earnings at $0.19 per share on revenue of $6.00 billion.
    Albemarle Corporation (NYSE: ALB) is projected to post quarterly earnings at $1.21 per share on revenue of $803.36 million.
    Spectra Energy Partners, LP (NYSE: SEP) is estimated to post quarterly earnings at $0.81 per share on revenue of $751.57 million.
    IAC/InterActiveCorp (NASDAQ: IAC) is expected to post quarterly earnings at $0.8 per share on revenue of $923.80 million.
    Open Text Corporation (NASDAQ: OTEX) is projected to post quarterly earnings at $0.62 per share on revenue of $691.75 million.
    Tutor Perini Corporation (NYSE: TPC) is expected to post quarterly earnings at $0.29 per share on revenue of $1.09 billion.
    Twenty-First Century Fox, Inc. (NASDAQ: FOXA) is projected to post quarterly earnings at $0.54 per share on revenue of $7.41 billion.
    ICU Medical, Inc. (NASDAQ: ICUI) is estimated to post quarterly earnings at $1.84 per share on revenue of $346.28 million.
    TechnipFMC plc (NYSE: FTI) is expected to post quarterly earnings at $0.33 per share on revenue of $3.13 billion.
    Synaptics Incorporated (NASDAQ: SYNA) is projected to post quarterly earnings at $0.91 per share on revenue of $401.76 million.
    The Dun & Bradstreet Corporation (NYSE: DNB) is expected to post quarterly earnings at $1.07 per share on revenue of $386.91 million.
    Matrix Service Company (NASDAQ: MTRX) is estimated to post quarterly earnings at $0.07 per share on revenue of $285.16 million.
    Maiden Holdings, Ltd. (NASDAQ: MHLD) is projected to post quarterly earnings at $0.21 per share on revenue of $739.31 million.
    tronc, Inc. (NASDAQ: TRNC) is expected to post quarterly earnings at $0.65 per share on revenue of $428.25 million.
    Copa Holdings,

  • [By Max Byerly]

    Tutor Perini (NYSE:TPC) is set to release its Q1 earnings data after the market closes on Wednesday, May 9th. Analysts expect Tutor Perini to post earnings of $0.27 per share for the quarter. Tutor Perini has set its FY18 guidance at $1.90-$2.30 EPS.

Best High Tech Stocks To Buy Right Now: UGI Corporation(UGI)

Advisors’ Opinion:

  • [By Logan Wallace]

    Rhumbline Advisers trimmed its stake in shares of UGI Co. (NYSE:UGI) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,796 shares of the utilities provider’s stock after selling 7,970 shares during the quarter. Rhumbline Advisers owned about 0.17% of UGI worth $13,317,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Stephan Byrd]

    Mountain Pacific Investment Advisers Inc. ID reduced its holdings in UGI Co. (NYSE:UGI) by 0.9% during the 1st quarter, HoldingsChannel reports. The fund owned 313,995 shares of the utilities provider’s stock after selling 2,800 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in UGI were worth $13,948,000 at the end of the most recent reporting period.

  • [By Logan Wallace]

    Quantitative Systematic Strategies LLC boosted its holdings in shares of UGI Co. (NYSE:UGI) by 35.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,986 shares of the utilities provider’s stock after acquiring an additional 2,359 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in UGI were worth $399,000 at the end of the most recent quarter.