DAVA - 3 Under-the-Radar Tech Stocks to Buy In 2023
2023-07-18 06:15:00 ET
After a brutal 2022, tech stocks are having a nice run in 2023. Year to date, the Nasdaq Composite is up 36%, outpacing the S&P 500 's 18% gain. Much of this return has been generated by the largest tech companies in the world, which make up almost half of the companies in the Nasdaq. As a result, there may not be many deals to be had with the more well-known tech names we're all familiar with.
Luckily, there are many smaller, less-known companies that are still attractively priced and have great futures ahead. PubMatic (NASDAQ: PUBM) , Endava (NYSE: DAVA) , and Sprout Social (NASDAQ: SPT) are all compelling investments. These businesses may be under the radar, but they're worth a closer look.
The most well-known advertising company is The Trade Desk , the leader on the buy side of the programmatic advertising space. PubMatic is trying to become the leader on the sell side of the advertising ecosystem. While The Trade Desk works to help brands find places to advertise, PubMatic works on the other end of the equation helping match those brands with businesses that have ad space to sell.
For further details see:
3 Under-the-Radar Tech Stocks to Buy In 2023