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
Verizon Communications Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
On the other hand, the target price of 42 € is below the current price of 43.55 € for Verizon Communications Inc., so the potential is actually -3.56%.
