Credit Suisse’s 4 Tech Stocks To Own (And 4 To Avoid)

In a recent report, analysts at Credit Suisse outlined their 2015 outlook for the technology sector.

Here’s a breakdown of their top stocks to own and top stocks to avoid.

Own: Micron Technology Inc MU

Analysts see strong growth in the memory field and believe that the company can sustain $5 annual earnings per share numbers. Price target: $50.00 (+49.0 percent)

Own: Facebook Inc FB

Analysts believe that many earnings models underestimate the company’s growth potential and monetization capabilities. Price target: $88.00 (+13.2 percent)

Own: VMware Inc VMW

Analysts see re-accelerating growth in the hypervisor market, as the hypervisor is critical in domains such as virtual machines, virtual networks, physical networks and storage access. Price target: $130.00 (+64.8 percent)

Own: Ultimate Software Group Inc ULTI

Analysts believe the company will continue to grow recurring revenue by 23 percent annually and will be able to reach its goals of $1 billion in revenue and 35 percent operating margin by 2018. Price target: $177.00 (+22.4 percent)

Related Link: Credit Suisse’s 8 Consumer Stocks To Avoid

Avoid: International Business Machines Corp IBM

Analysts point to “alarming evidence” of…

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