2 Cheap Tech Stocks to Buy Right Now
Thanks to a bull market that has favored tech stocks, investors rarely get a chance to buy quality tech businesses without paying up these days. Yet two well-known names -- Salesforce (NYSE: CRM) and Verizon Communications (NYSE: VZ) -- arguably stand out as good tech stocks to buy.
Salesforce may not be cheap by value investing standards, which include a low price-to-earnings or price-to-book ratio. But for a company growing at meaningful rates with expanding profitability and rising cash returns (via dividends and share repurchases), it looks very attractive. In other words, it's cheap for a tech stock of its caliber. Verizon, by contrast, is just plain cheap -- a cash-rich, utility-like tech business whose dividend alone offers a decent return.
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Source Fool.com
Verizon Communications Inc. Stock
With 16 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 42 € shows a positive potential of 23.55% compared to the current price of 34.0 € for Verizon Communications Inc..
