The 3 Smartest Tech Stocks to Buy in 2023 and Beyond
Success in tech requires many attributes that go beyond producing a high-quality offering. It also necessitates evaluating strengths, weaknesses, opportunities, and threats and acting accordingly.
Tech companies such as Apple and Netflix drove massive stock returns in past years by outsmarting their peers. But today, Shopify (NYSE: SHOP), DigitalOcean (NYSE: DOCN), and MercadoLibre (NASDAQ: MELI) follow that approach. All three companies sell for a much lower price-to-sales ratio (P/S ratio), a measure of a company's valuation relative to revenue levels. Additionally, each company holds tremendous potential for outsized gains through unique and appealing business models.
Source Fool.com
