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Buy 5 Mid and Small Tech Services Stocks With Massive Short-Term Upside
BYRNByrna Technologies (BYRN) ZACKS·2025-03-21 13:15

Industry Overview - The technology services industry is mature with strong demand for services, and revenues, income, and cash flows are expected to gradually return to pre-pandemic levels, supporting stable dividends for most players [1] - The industry is thriving in 2024, with continued momentum into the first quarter of 2025 [1][3] - The global shift towards digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI), with the United States leading in IT sector growth [3] Growth Drivers - Companies are rapidly adopting generative AI, machine learning (ML), blockchain, and data science to gain competitive advantages [4] - The worldwide generative AI market is projected to grow at a 42% CAGR over the next decade, reaching 1.3trillionby2032[4]−Thereisrobustdemandformulti−cloud−enabledsoftwaresolutionsasbusinessestransitionfromlegacyplatformstomoderncloud−basedinfrastructures[4][5]StockRecommendations−Fivemidandsmall−captechnologyservicesstocksarerecommendedfortheirstrongshort−termupsidepotential:ByrnaTechnologiesInc.(BYRN),LiveRampHoldingsInc.(RAMP),DaveInc.(DAVE),SmithsGroupplc(SMGZY),andUiPathInc.(PATH)[2][6]CompanyHighlightsByrnaTechnologiesInc.(BYRN)−Engagedindevelopingandsellingless−lethalpersonalsecuritysolutionsglobally[9]−Averageshort−termpricetargetindicatesapotentialincreaseof93.21.3 trillion by 2032 [4] - There is robust demand for multi-cloud-enabled software solutions as businesses transition from legacy platforms to modern cloud-based infrastructures [4][5] Stock Recommendations - Five mid and small-cap technology services stocks are recommended for their strong short-term upside potential: Byrna Technologies Inc. (BYRN), LiveRamp Holdings Inc. (RAMP), Dave Inc. (DAVE), Smiths Group plc (SMGZY), and UiPath Inc. (PATH) [2][6] Company Highlights Byrna Technologies Inc. (BYRN) - Engaged in developing and selling less-lethal personal security solutions globally [9] - Average short-term price target indicates a potential increase of 93.2% from the last closing price of 19.03, with a target range of 33−33-38 [11] - Expected revenue growth rate of 29.4% for the current year [12] LiveRamp Holdings Inc. (RAMP) - Operates as a marketing technology company providing data foundation and digital transformation services [13] - Average short-term price target suggests a potential increase of 53.3% from the last closing price of 27.15,withatargetrangeof27.15, with a target range of 25-50[16]−Expectedrevenuegrowthrateof8.750 [16] - Expected revenue growth rate of 8.7% for next year [17] Dave Inc. (DAVE) - Provides various financial products and services, including personal financial management tools [18] - Average short-term price target indicates a potential increase of 44.5% from the last closing price of 87.79, with a target range of 110−110-142 [20] - Expected revenue growth rate of 22.3% for the current year [20] Smiths Group plc (SMGZY) - Operates in industrial technology across multiple segments, including safety and security [21] - Average short-term price target suggests a potential increase of 19.7% from the last closing price of 26.18,withatargetrangeof26.18, with a target range of 32-32[24]−Expectedrevenuegrowthrateof14.432 [24] - Expected revenue growth rate of 14.4% for the current year [25] UiPath Inc. (PATH) - Provides an end-to-end automation platform with a focus on robotic process automation solutions [26] - Average short-term price target indicates a potential increase of 10.8% from the last closing price of 10.82, with a target range of 10−10-15 [28] - Expected revenue growth rate of 6.8% for the current year [29]