3 High-Quality Tech Stocks With More Room to Run
These wide-moat names are beating the rollicking Morningstar Technology Index this year, yet they’re still undervalued by our metrics.
Technology stocks are on a tear. As of this writing, the Morningstar U.S. Technology Index is up nearly 20% year to date, handily outpacing all other U.S. sector-based indexes for the year.
We've isolated three tech stocks that have left the index's return in the dust (each is up at least 35% this year). Even better, these stocks all boast wide economic moats and stable or positive moat trends; these aren't flashes in the pan, but rather powerful competitors positioned to endure. And best of all, each of these stocks is trading below our estimate of its fair value, despite their significant stock-price runups this year.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.