Stock picking

3 better tech stocks than Amazon to consider buying

The technology sector continues to experience extraordinary growth driven by e-commerce giants and digital services.
However, Amazon's high valuations and slowing growth are pushing investors to explore alternatives.
In this context, the opportunity emerges to carefully evaluate 3 tech stocks that present solid fundamentals and attractive growth prospects, superior to those of the e-commerce giant.
Let's see in detail why these tech companies, if included in the portfolio, could be a strategic move in the long term, capable of surpassing Amazon's performance.
1) Expedia Group (EXPE) Expedia Group is the world's second largest online travel agency in terms of bookings, with a wide range of services including accommodations, airline tickets, car rentals, cruises and more.
The company has consolidated its presence through renowned platforms such as, and Trivago and continues to thrive in the online travel market, with enormous growth potential that makes it particularly attractive to investors.
The company recently announced a $5 billion buyback plan, a move that not only reflects confidence in its long-term prospects but also suggests a solid commitment to maximizing shareholder value.
Looking at fundamentals, EXPE is undervalued, with a forward non-GAAP PEG 72.9% lower than the industry average and a price-to-cash flow multiple 26.1% lower.
These solid financials attest to robust business performance, with revenues and net profit growing steadily.
The outlook for the fourth quarter continues on this positive trajectory, with analysts predicting further increases in revenue and EPS.
Morgan Stanley recently maintained its "Equal-Weight" rating on the stock, raising the target price from $130.00 to $135.00, with a potential upside of 11% from current values.
read also This tech stock could soon overtake Microsoft, Alphabet and Amazon 2) Fiverr International (FVRR) Fiverr International, listed on the NYSE, is a global marketplace based in Tel Aviv that connects freelancers with customers looking for a specific service.
The recent introduction of NTRNL™, an innovative platform for sourcing internal talent, highlights FVRR's ongoing commitment to evolving and adapting to market needs.
Supporting this view, Fiverr's financial ratings are strong, as demonstrated by a lower-than-industry-average P/E and notable growth in revenue and EBITDA.
In the third quarter, FVRR reported revenue growth of 12.1% year-over-year and adjusted EBITDA growth of 152.3%.
Forecasts for the fourth quarter indicate further revenue and EPS growth.
In its near-term forecast, Fiverr International expects fourth-quarter 2023 revenue of between $88.10 million and $95.10 million, compared to a consensus of $93.40 million.
For full-year 2023, revenue is estimated to be between $358 and $365 million (consensus at $361.80 million).
Looking to the future, Fiverr International management expects a 10% increase in revenues: investors can therefore consider the current period as an opportunity to enter at advantageous prices, considering Fiverr's disruptive potential in the sector.
3) (DESP), based in Buenos Aires, is an online travel company operating in Latin America and the United States.
In Q3 2023, the company reported record revenues of $178 million and 22% year-over-year growth.
This notable success can be attributed to its diversification strategy and activities in the B2C, B2B and B2B2C segments, with a particular emphasis on growing the B2B channel.
One of the key elements that makes Despegar a good investment is the strength of its financial fundamentals: forward non-GAAP PEG is 40.6% lower than the industry average and forward EV/EBITDA multiple is 48.3% lower , confirming the sustainability of its valuation and the potential for continued growth.
The company recently raised its annual revenue expectations, demonstrating growing confidence in its ability to generate profits.
Analysts' forecasts indicate positive prospects for the next fiscal year, with a further increase in both revenues and EPS.
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The reader maintains full freedom in his own investment choices and full responsibility in making them, since he alone knows his risk propensity and his time horizon.
The information contained in the article is provided for informational purposes only and its disclosure does not constitute and should not be considered an offer or solicitation to public savings.

Author: Hermes A.I.

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