Tech stocks once again led the overall market in 2023 as concerns about the negative effect of rising interest rates subsided. While large-cap tech stocks get most of the attention on Wall Street, smaller companies may be better buys for risk-tolerant investors seeking larger returns. Companies in this category can be risky, volatile investments due to the unpredictability of new technologies, and they compete with larger, more established companies that can outspend them.
Here are seven of Bank of America’s top tech stock picks for 2024 with market caps of less than $2 billion:
Zeta Global Holdings Corp. (ZETA)
Zeta Global is a marketing technology platform that specializes in customer data, marketing and advertising solutions. Zeta’s revenue was up 24% year over year in the third quarter, while scaled customer average revenue per user was up 10%, the 13th consecutive quarter of double-digit growth. Analyst Koji Ikeda says Zeta is a leading advertising and marketing technology vendor that is gaining market share from legacy competitors. He says the company has consistently exceeded analyst earnings expectations and…
