There’s a certain tech industry that’s heating up fast, and I want to make sure you have the chance to catch two of the hottest stocks breaking out right now…
You see, the global IT service market is expected to hit $103 billion by 2026 — that means it’ll need an annual growth rate of about 8% from 2021 through 2026 to make that happen.
We might not think that’s a lot, but this industry is already super mature….
So anytime we have a mature industry like this growing 8% annually over the next six to seven years, that’s a big number.
I mean, even the growing popularity for cloud-based software and rising concerns over businesses’ needs to automate processes continuously increases the demand for IT services worldwide.
It doesn’t matter which way we slice or dice it, it’s clear the world depends on cloud-based services…
That’s why I’ve decided to highlight two stocks breaking out right now in the IT space that should continue to outperform the broader market for the remainder of 2021.
2 Hot Stocks Breaking out Right Now
The first stock breaking out right now is Upstart Holdings Inc. (Nasdaq: UPST).
It’s an AI-leading platform that partners with banks and credit unions to expand access to affordable credit and lower loan payments.
Who doesn’t want lower loan payments?!
UPST’s one-year return is an enormous 660%!
The stock currently has six strong buy recommendations (boy, they’re doing something right), so I have a price target of about $250 per share over the next three months…
That’s especially if the bottlenecks in the workforce continue to be an issue.
But I wouldn’t be surprised to see the stock rally into the holiday season, which isn’t too far away from us.
Check out my short video below to get the next stock that’s breaking out right now…
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