Nomura Securities stuck its neck out on Wednesday and revealed its top stock picks for 2016 in technology, media and telecom. Analysts for the investment bank picked five stocks as “top picks for 2016”: Alphabet (GOOGL), Arista Networks (ANET), Lam Research (LRCX), LinkedIn (LNKD) and Microsoft (MSFT). It rates all five stocks as buy. Alphabet and LinkedIn are IBD Leaderboard stocks, while the others are also highly ranked by IBD with Composite
Some top tech stocks on the IBD 50 start the week with a little updraft: The No. 2 Internet-Content IBD industry group just notched a new high, up 1% last week and 23% this year. Facebook (FB), Google owner Alphabet (GOOGL), LinkedIn (LNKD) and China security and search engine provider Qihoo 360 Technology Co. (QIHU) are in that group and on the IBD 50 list of top-rated growth stocks. All four carry a best-possible IBD Composite Rating of 99 — and
Professional social network LinkedIn (LNKD) is benefiting from the data it gathers from its 400 million users and is poised to leverage its scale advantage, according to Nomura. The analyst sees increased adoption of LinkedIn’s Recruiter product, higher marketing engagement with its new mobile app and further revenue growth with premium content from Lynda. Those factors led Nomura to initiate LinkedIn with a buy rating and price target of 290.