Tech Stocks Are Poised to Soar Amid Digital Transformation, According to Canaccord — Here Are 2 Names With at Least 45% Upside Potential

Is digital technology coming of age? Over the past several years, we have seen recurring demand waves for digital tech, all billed as transformative. A new one is starting now, a digital transformation that brings with it the promise of true change. Previous waves had been focused on company internals – but the current growing demand for digital transformation is occurring on the outside, facing the customers. This is a new development, and it brings with it potential for a lasting change in the way we interact with technology, especially digital technology. Watching these developments from Canaccord Genuity, Joseph Vafi , counted by TipRanks in the top 5% of Wall Street’s analysts, explains just what is going on, and why it is different from previous changes: “Today we are in the midst of what we view as the largest and most enduring IT services demand wave so far – and that is digital transformation,” the 5-star analyst said. “What distinguishes Digital Transformation from previous demand waves is that this time, technology is being used to drive revenue growth and enhance the customer experience directly. Instead of being an IT Services demand wave focused on cost takeout, this time it’s […]

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