The technology services industry is thriving, with robust demand projected to restore revenues and cash flows to pre-pandemic levels. In 2024, this sector saw significant growth, gaining momentum into 2025. Currently, the Zacks-defined Technology Services industry ranks in the top 16% of Zacks Ranked Industries, indicating a favorable outlook for outperforming the market in the near term. Notable picks include AppLovin Corp. (APP) and Duolingo Inc. (DUOL), each holding a Zacks Rank of #1 (Strong Buy) and #2 (Buy) respectively. AppLovin focuses on mobile app marketing and monetization, leveraging AI for enhanced growth potential. With a projected price increase of up to 90.3%, APP’s earnings growth is estimated at 84.8%. Duolingo offers AI-powered language learning tools, anticipating revenue growth of 33.5% and a price upside of 53.1%. Both stocks are positioned for significant increases as digitization and emerging technologies evolve.
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