Are you interested in adding some stock to your investment portfolio and looking for information on the best tech stocks to buy in 2023? Well, today is your lucky day as we have put together a list of some of the best tech stocks to buy right now. 

Even though the tech industry suffered a significant downturn in 2022, this year has kicked off with a lot of promise with most tech stocks recovering some of the losses made in 2022. 

Despite the underperformance of tech stocks in 2022,  history suggests that such brief periods of underperformance by tech stocks have always presented buying opportunities in the long term. As we move into the year 2023, tech stocks are once again showing signs of outperformance. Nonetheless, it is important to note that inflation and interest rates continue to pose significant challenges to tech stock valuations in the near future, hence careful selection of stocks is imperative.

Here are some of the best tech stocks to have in your portfolio in 2023. 


One of the top tech stocks we have been tracking for much of 2022 and 2023 is Apple. Since going public years ago, Apple has remained a high flier, delivering incredible returns to investors

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Apple Inc. (AAPL), is known for producing iPhones, iPads, Apple Watches, Mac computers, and other personal computing devices. Apple’s services segment, which includes the App Store, Apple Music, iCloud, and licensing businesses, is a major contributor to the company’s success. 

According to experts following Apple’s stock performance, Apple’s strong ecosystem, high customer retention rates, and expanding total addressable market are key factors driving the upside potential for Apple’s stock. Also, experts believe that Apple has an impressive track record of execution, an attractive capital allocation strategy, and stable free cash flow generation. 

Despite projecting a 1.8% decline in revenue for the fiscal year 2023, Zino forecasts a positive 8% rebound in 2024. CFRA rates AAPL as a “buy” and has a price target of $165 for the stock.


Another top tech stock that is doing remarkably well in 2023 is Microsoft. Microsoft (MSFT) is the world’s largest software company. Best known for its Windows, Office, and Azure cloud services, Microsoft has successfully transitioned to a cloud-based business model. 

Although Microsoft shares performed poorly for much of 2022, their stock is showing signs of recovery. And with the company making inroads into the AI niche, especially with its investment in OpenAI,  and ChatGPT, Microsoft stock is expected to explode exponentially in 2023. 

While it’s important to do due diligence before investing in any stock, investing in Microsoft stock in 2023 wouldn’t be a bad idea as the stock is showing a lot of promises

John Freeman, an analyst at CFRA, highlights the success of Microsoft’s cloud-based offerings such as Office 365, Dynamics, and Teams, which have gained significant traction. Freeman also sees potential in Microsoft’s Azure infrastructure cloud services, as well as its cloud-based revenue from LinkedIn, Bing, and Xbox Live. 


If you’re looking for a top tech stock that is guaranteed to deliver significant returns in the long term, you won’t be disappointed to check out NVIDIA stock. 

Nvidia is a leading designer and seller of high-end graphics and video processing chips used in desktop and gaming computers, workstations, advanced computing servers, and supercomputers. O

Over the past 15 years, Nvidia has been one of the best-performing stocks in the market, with a year-to-date gain of 63.5% through March 3, which is the highest performance among the stocks on this list so far in 2023. 

According to analysts trailing the company’s performance, Nvidia’s data center momentum, investment in generative AI, and opportunities in the CPU market are key drivers of its growth potential. Interestingly, experts rate NVDA stock as a “buy” with a price target of $250 for the stock.


Since going public, Visa has continued to boss the tech market, with tons of investors always looking for an opportunity to add the stock to their portfolio. 

For newbies just learning about the company, it will interest you to know that Visa operates the world’s largest retail electronic payments network and has a business model that is immune to cyclical economic downturns and changing consumer trends. 

After years of following the company’s performance, we believe that Visa’s diversified exposure to various payment categories allows it to generate sustainable and reliable earnings growth over time. 

Moreover, new use cases and adjacent payment verticals could be sources of growth for the company. While we don’t like to make predictions, we envisage an 8.5% revenue growth in fiscal 2023 and an 11% revenue growth in fiscal 2024. 

Overall, we rate Visa stock as a “buy” and we expect the price to reach at least $263 per stock in the near future. 

Mastercard Inc

Mastercard is a prominent credit card and digital payments provider, serving as the second-largest global payment processing company. As with Visa, Mastercard enjoys a level of insulation from economic volatility. 

Analysts are optimistic about Mastercard’s exposure to various trends, including remittances, virtual cards, and commercial point-of-sale payments. Additionally, the continued recovery in cross-border payments could serve as a positive catalyst for the company. 

Since Mastercard’s capital-light business model is capable of generating impressive earnings growth and operating leverage, we believe that Mastercard will continue to benefit from the ongoing shift from cash and check payments to digital payments. 

We expect the company’s stock to keep trending higher in the next couple of months with our price target set at $415 per share. 

Cisco Systems Inc

Cisco Systems is a provider of networking, cloud, and cybersecurity solutions. It pays a 3.2% dividend, the highest among the listed stocks. Many retail investors are bullish on Cisco’s demand due to the Wi-Fi 6 upgrade cycle and global 5G deployments. 

While near-term growth may be impacted by component shortages, experts believe that Cisco will benefit from the global rise in bandwidth consumption, cloud computing, and data center usage. 

In terms of performance forecast, we have a price target of $60 for this stock. 

Accenture PLC

Accenture is an information technology services firm that specializes in consulting and outsourcing. It has a loyal client base, a solid balance sheet, and a long track record of earnings growth. 

Although exposure to Russia and foreign exchange headwinds has slowed growth in the past year, we believe that Accenture’s underlying business remains strong. We also expect roughly $7 billion in capital returns in fiscal 2023 to support the stock. 

Salesforce Inc

Salesforce is the world’s largest provider of cloud-based customer relationship management software. Despite trading at a historically low valuation, we expect a rebound soonest. 

At the moment, Salesforce is the largest winner from cloud migration and will continue to expand its roughly 30% share of the CRM market. With the way things are playing out, experts project that the company’s sales and service clouds will continue to grow revenue in the mid-teens percentage range. Should that be the case, we see the stock reaching as high as $256.

Adobe Inc

Adobe produces creative content software and other applications used for marketing and e-commerce. While the stock has lagged so far in 2023, we believe that the weakness is a buying opportunity. 

Let us also quickly add that Adobe has a dominant share and significant competitive advantages within key content creation markets. Additionally, high-margin Document Cloud sales have boosted profitability. 

Despite its shambolic performance so far, we believe that Adobe shares are trading at a valuation discount to historical levels. That’s why we predict that the stock could reach as high as $394 in the near future if things continue the way they are going. 

Advanced Micro Devices Inc

Advanced Micro Devices is a microprocessor and graphics semiconductor stock that has gained 3,296% over the past decade. Despite its overwhelming performance, we believe that there is still room for an upside. 

The ramp-up of the company’s next-generation EPYC processor will improve AMD’s share of the data center CPU market. In addition, new product launches will help expand gross margins in the second half of 2023 and beyond. 

We have a long-term buy prediction for this stock and believe its price could reach as high as $90 in the long term.