Tech stocks headed north in 2020 and delivered exceptional returns as the COVID-19 pandemic accelerated the pace of digital adoption. However, the appreciation in price does not mean that the ship has sailed and the opportunity to invest in tech stocks is gone.

Using the TipRanks’ Stock Screener, we identified five “Strong Buy” tech stocks with significant upside potential. Let’s dig deeper and see what these tech stocks have going for them.

Baidu (NASDAQ: BIDU)

Chinese internet search giant Baidu is focusing heavily on powering its AI-business growth and is investing in sales, R&D (research & development), and operations. During the last reported quarter, Baidu delivered revenue growth of 25% year-over-year. Furthermore, its adjusted operating income surged 204%. (See Baidu stock charts on TipRanks)

Following the Q1 performance, Oppenheimer analyst Bo Pei maintained his Buy rating as he believes that AI revenue acceleration supports Baidu’s re-rating. The analyst maintains a price target of $355 (95.7% upside potential) on the stock.

Overall, 17 Wall Street analysts have weighed in on Baidu shares in the past three months, giving the stock 14 Buys and 3 Holds for a Strong Buy consensus rating. The average Baidu price target of $304.40 implies approximately 67.8% upside potential to current level.

Cognyte Software (NASDAQ: CGNT)

Security analytics software provider Cognyte Software is well-positioned to benefit from the strong demand for security analytics. The company delivered double-digit revenue growth during the last reported quarter. Meanwhile, gross margins expanded significantly. Notably, Cognyte won multiple seven- and eight-digit deals, which is encouraging. (See Cognyte stock charts on TipRanks)

Needham analyst Mike Cikos initiated coverage on Cognyte with a Buy rating and price target of $36 (51.1% upside potential). Cikos believes that Cognyte’s spin-out from Verint Systems positions it well to chart its own growth path.

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Additionally, Cikos sees double-digit growth in Cognyte’s adjusted EBITDA growth over the next few years, reflecting an acceleration in revenue and gross margin expansion.

On TipRanks, Cognyte is a Strong Buy based on 3 unanimous Buys. The average Cognyte price target of $38.67 implies approximately 62.3% upside potential to current levels.

Uber Technologies (NYSE: UBER)

Thanks to the ongoing vaccination drive and economic reopening, Uber is witnessing an improvement in customer demand. During the last quarter’s conference call, its CEO Dara Khosrowshahi said, “Uber is starting to fire on all cylinders, as more consumers are riding with us again while continuing to use our expanding delivery offerings.” (See Uber stock charts on TipRanks)

While the ride-hailing company gains from an uptick in consumer demand, Bank of America Securities analyst Justin Post sees strong value in the company. The five-star analyst said that Uber stock is trading at a discount to its U.S. peers.

Post has a Buy rating on Uber stock with a price target of $71, implying upside potential of 44.7%. Overall, Uber stock has a Strong Buy consensus rating based on 22 Buys and 4 Holds. The average Uber Technologies price target of $72.36 implies 47.5% upside potential from current levels.

JD.com (NASDAQ: JD)

Chinese e-commerce giant JD.com is benefiting from the diversification of its revenue base and growing contribution from its services revenues. In Q1, the company delivered top-line growth of 39% year-over-year. Furthermore, its adjusted net income increased 33%. (See JD.com stock charts on TipRanks)

Stifel Nicolaus’s five-star analyst Scott Devitt reiterated a Buy rating on the stock with a price target of $95 (29.2% upside potential). Devitt said that JD is in a growing market, and its expansion of its logistics business and opportunities in the healthcare segment bode well for future growth.

The Strong Buy consensus on JD.com shares is based on 14 Buys and 1 Hold. The average JD.com price target of $101.33 implies approximately 37.8% upside potential to current level.

Cohu (NASDAQ: COHU)

Cohu provides equipment and services related to the manufacturing and testing of semiconductors. Shares of the company more than doubled in one year, thanks to the increased capital spending on semiconductor equipment amid ongoing strength in the sector and elevated demand. (See Cohu stock charts on TipRanks)

Rosenblatt Securities analyst Scott Graham initiated coverage on Cohu stock with a Buy rating and price target of $65, implying upside potential of about 82%. Graham expects Cohu’s top-line to benefit from positive secular industry trends and strength in the automotive and industrial markets.

He also said that Cohu’s strong financial performance and strong cash build position it well to target a transformative deal. Further, he expects the company to reinstate dividend.

Consensus among analysts is a Strong Buy based on 6 Buys and 1 Hold. The average Cohu price target of $59.86 implies 67.6% upside potential to current levels.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.