Stock Markets January 26, 2026

JPMorgan Releases Monthly Technology Focus List Highlighting 13 Stocks Across Cloud, Semiconductors and Enterprise Software

Bank’s equity team identifies names spanning growth, income and value strategies, citing recent results, analyst moves and corporate actions

By Derek Hwang
JPMorgan Releases Monthly Technology Focus List Highlighting 13 Stocks Across Cloud, Semiconductors and Enterprise Software

JPMorgan’s equity research team has published its latest monthly roster of technology stocks it views as compelling. The list spans cloud and enterprise software, semiconductors and digital intelligence, and it includes companies at various stages of growth and capital allocation activity. Analysts cited recent quarterly results, activist interest, share repurchase plans, debt issuance and acquisitions as context for their selections.

Key Points

  • JPMorgan’s monthly technology roster covers 13 companies spanning cloud, semiconductors, enterprise software, digital intelligence and public-sector solutions.
  • Analyst moves and corporate actions cited include activist pressure at Alkami, price-target changes, share repurchase approvals, debt issuance, and acquisition-related upgrades.
  • The selections draw on analyst ideas across growth, income, value and short strategies, reflecting varied investor approaches and sector impacts including cloud services, semiconductor equipment and financial technology.

JPMorgan’s equity analysts have issued their newest monthly selection of technology companies they consider noteworthy for investors pursuing growth, income or value strategies. The bank’s review covers a broad cross-section of technology firms and highlights names that the research team believes present attractive opportunities based on current business positioning and recent corporate developments.

Alkami

Alkami, a provider of cloud-based digital banking solutions designed to improve financial institutions’ customer-facing platforms, appears on JPMorgan’s list. The company has drawn activist attention from Jana Partners, which has urged Alkami to consider a potential sale. This pressure followed Alkami’s mixed third-quarter results, and market-watchers noted that Goldman Sachs subsequently trimmed its price target on the stock.

Arista

Arista Networks, known for its networking equipment and cloud networking solutions used in data centers and enterprise settings, is another pick. Analyst houses have recently adjusted their stances on Arista; Piper Sandler upgraded the stock to Overweight, pointing to ongoing enterprise investment and the company’s exposure to artificial intelligence demand. Arista also introduced a new VESPA technology aimed at large-scale campus mobility networks.

Bright Horizons

Bright Horizons, a provider of child care and early education along with workplace solutions for corporate clients, is included in the bank’s technology-focused lineup. The company reported strong third-quarter 2025 financial results, exceeding analyst expectations for both revenue and earnings per share. Despite those results, BMO Capital lowered its price target on Bright Horizons.

Broadcom

Broadcom, with businesses spanning semiconductors and infrastructure software across wireless, broadband, networking and storage, is part of JPMorgan’s selection. Wells Fargo upgraded Broadcom to Overweight, citing potential growth catalysts, while the company also completed a $4.5 billion issuance of senior notes.

Cellebrite

Cellebrite, which supplies digital intelligence tools for law enforcement, government agencies and enterprise customers to access and analyze digital data, is listed as a preferred name. The firm reported third-quarter 2025 results that beat analyst forecasts for both revenue and earnings per share.

Guidewire Software

Guidewire Software, a provider of property and casualty insurance software with cloud-based platforms supporting core operations, digital engagement and analytics, is also highlighted. The company’s board approved a $500 million share repurchase program, and DA Davidson upgraded the stock to Buy from Neutral.

Hewlett Packard Enterprise

Hewlett Packard Enterprise, which focuses on servers, storage, networking and technology services for enterprise customers, appears on the list as well. HPE delivered mixed fourth-quarter results, with revenue that missed expectations while earnings per share topped forecasts. Following its acquisition of Juniper, Goldman Sachs upgraded HPE to Buy.

HubSpot

HubSpot, the marketing and sales CRM provider, is included among JPMorgan’s choices. While Stifel reduced its price target for HubSpot, citing software multiple compression, other brokerages including Citi, Raymond James and Oppenheimer maintained positive ratings on the stock.

KLA Corporation

KLA, a manufacturer of semiconductor process control and yield management equipment, is another pick. Morgan Stanley and Wells Fargo both upgraded KLA to Overweight, signaling confidence in its growth outlook. Stifel raised its price target on KLA, and Bernstein initiated coverage with an Outperform rating.

Microsoft

Microsoft, which operates across cloud computing, software, hardware and gaming, is included in the bank’s technology selections. Stifel and UBS lowered their price targets on Microsoft while retaining Buy ratings. Raymond James and KeyBanc reiterated positive assessments, with market checks pointing to continued strength in Azure cloud services.

S&P Global, TransUnion and Tyler Technologies

JPMorgan’s monthly list also features S&P Global, a provider of data and analytics across financial markets; TransUnion, an information and insights firm focused on credit reporting and risk management across industries; and Tyler Technologies, which delivers software and technology services tailored to the public sector including local governments, schools and courts. Together these names underscore the breadth of the bank’s technology coverage, spanning data and analytics, information services and public-sector software.


Process and perspective

JPMorgan’s monthly technology selection aggregates analyst ideas across growth, income, value and short strategies. The compilation is intended to reflect the research team’s current views on the companies’ positioning and potential performance drivers, drawing on recent earnings, corporate actions such as share repurchases and debt issuance, activist engagement and third-party analyst revisions.

The roster includes firms at different stages of development and capital allocation activity: some are reporting stronger-than-expected results, others face activist pressure or price-target adjustments, and several have drawn upgrades from outside brokerages. The mix highlights areas of investor focus within technology, including cloud infrastructure, semiconductors, enterprise software, digital intelligence and sector-specific solutions for finance and public services.

Risks

  • Mixed quarterly results and subsequent price-target cuts or analyst downgrades may increase near-term volatility for listed stocks - affecting sectors such as financial technology and enterprise services.
  • Activist investor initiatives, such as Jana Partners’ push for Alkami to explore a sale, introduce uncertainty around corporate strategy and potential transaction outcomes - impacting investor sentiment within digital banking solutions.
  • Revenue misses, earnings variability and shifts in analyst coverage can alter market perception and valuations for companies in semiconductors, cloud infrastructure and software, creating execution and market-risk considerations.

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