After Shopify's quarterly earnings call in February, Credit Suisse analysts noted its higher investments in the Shopify Fulfillment Network – a competitor to Inc.'s ( AMZN) fulfillment centers – as one reason for reducing short-term price targets. RBC has an 'outperform' rating and $68 price target on ST stock, which closed at $55.50 on March 4.Ĭanada-based e-commerce software company Shopify, which is still one of the most exciting companies on this list from a growth perspective, has actually been the hardest-hit stock on this list through the first two months of the year. 'We believe management is being overly conservative on their automotive production build' guidance, says RBC Capital Markets analyst Joseph Spak. A far less expensive way to play the secular trend of electrification in the auto industry, management sees revenue from electrification rising 50% in 2022. One of its recent contract wins was a multi-year deal to supply Jeff Bezos' space company, Blue Origin, with lithium-ion batteries. Around since 1916, the time-tested Sensata is a conservatively run company specializing in sensors, with heavy concentration on the automotive and aerospace markets. But it's important to have exposure to smaller players as well, and the $9 billion Attleboro, Massachusetts-based Sensata Technologies fits that bill. A lot of the best tech stocks to buy for 2022 are large- or mega-cap stocks with nearly unrivaled scale and enviable brand recognition.

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