Two Hottest Tech Stocks with Potential to Focus On

On October 26, top tech stocks with potential like MicroStrategy and Salesforce showcased their impressive market strength with continued growth and promising potential in both the technology and cryptocurrency sectors.

Two of the more intriguing tech stocks with growth potential are MicroStrategy and Salesforce, thanks to their stellar market performance and promising long-term prospects, promising investors of delivering strong return for years to come.

Here’s why these two stocks can continue to produce strong returns for several years.

MicroStrategy: Cryptocurrency Investment with Software Upside

It’s safe to say that MicroStrategy is somewhat of an outsider in the technological world. What was initially a software provider focused on business intelligence and analytics has made much of its value today due to its groups of cryptocurrencies.

With an ongoing Bitcoin acquisition strategy since 2020, owning around 226,500 Bitcoins valued at over $15 billion, MicroStrategy has transformed into a hybrid company, successfully merging software sales with cryptocurrency exposure, making it one of the tech stocks with potential.

That has partly been because of the firm’s interesting method of financing these Bitcoin purchases, mainly through convertible bonds. In the last five years, MicroStrategy’s stock fared better than Bitcoin itself, returning upwards of 1,100%. There is Executive Chairman Michael Saylor, who was more vocal about his long-term vision of using MicroStrategy’s Bitcoin as the means of creating a Bitcoin investment bank, enforcing the company position as one of the tech stocks with potential.

The balance of software revenue with its growing portfolio of digital currency makes it an interesting stock for investors who believe in the future of digital assets.

Salesforce: A Proven Winner with Growth Potential

Salesforce, one of the earliest SaaS companies and a leader in the CRM space, serves over 150,000 companies currently utilize the company’s large, loyal customer base to cross-sell products and services, boosting its recurring revenue streams and securing its place among tech stocks with potential.

Salesforce, in the past years, has built an all-inclusive software ecosystem through various acquisitions and innovations, putting the company on the radar as one of the not-so cheap tech stocks with huge potential driven by its suite of applications and market influence.

Today, the company is generating more than $36 billion in revenue annually, and over 80% of its incremental revenue is coming from existing customers. This potential for cross-selling, together with the Salesforce’s implementation of AI across its platform, positions the company for further growth.

Salesforce’s earnings are projected to grow nearly 15% year-over-year (YoY) over the next three to five years, making it one of the tech firm’s stocks with potential. The cloud-based software company’s newly initiated dividend, yielding around 0.5% for investors, offers further expansion alongside its earnings growth.

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