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Top-Ranked Tech Analysts Give Their 10 Best Picks, Including Amazon, Netflix and AMD

  • The volatility in the tech names in the past weeks serve as a reminder that they can be risky investments. Berkshire Hathaway's (BRK.B) Warren Buffett is well-known for his cautious outlook on tech names because he wants to understand a business before he invests in it. "We will not go into businesses where technology, which is way over my head, is crucial to the investment decision," he once said, according to Alice Schroeder's 2008 biography "The Snowball: Warren Buffett and the Business Life."

    To help you decide which tech names are worth the risk, TheStreet teamed up with financial analyst ranking website TipRanks to bring you the top stock picks from the top 10 tech analysts. The top analysts were calculated by TipRanks according to their success rate, or the number of their ratings that have generated positive returns, as well as average return per rating and the statistical significance of these results.

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  • 1. Mark Miller, Benchmark: Western Digital

    Benchmark's Mark Miller is the number one analyst on TipRanks across all sectors. He has an 84% success rate and 33.8% average return.

    Miller reiterated his "buy" rating on computer data storage company Western Digital on June 21 and gave it a 12-month $135 price target, representing 45% upside from the current share price.

    On May 24, Miller wrote a note to investors urging them to focus on the following positives for Western Digital: "The firm's leadership in storage, the double digit CAGR for storage demand and NAND flash, ability to lead the ramp of next generation 3D NAND chips, the execution of its projected synergistic savings, its strong cash generation and modest valuation while ignoring reports or data aimed at generating short-term and often contrived trading volatility."

    Western Digital is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells WDC? Learn more now.

  • 2. Richard Davis, Canaccord Genuity: Twilio

    Canaccord's Richard Davis has a 76% success rate and 25.4% average return. He reiterated a "buy" rating on...

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