The technological sector has surged in the past few years mainly during the pandemic, which boomed the demand for services like e-commerce, AI, etc. The entire world is driving towards technology and advancement, making tech stocks one of the favored choices for investors.
The 3 best UK tech stocks to discover in 2023 for enormous returns are presented below.
Ocado Group (OCDO)
Ocado Group is emerging as one of the giant players in the UK tech sector and is transforming from an online grocery business into robotics automation. Under the name Ocado Smart Platform (OSP), the group is ready to boom the UK tech stocks soon. Ocado Group was founded in 2000 and is one of the companies adopting AI for grocery-related services. The annual revenue of the firm is around 2.5 Billion GBX with a market cap of 7.9 Billion GBX. OCDO stock price at current is 958.4 GBX and has around 827.25 Million shares outstanding. Increased demand for automated services and offering of warehouse automation services are boosting the growth chances of Ocado Group, making it a worthy investment in 2023.
Wise (WSE)
Wise is another popular name in the UK tech stocks that are definitely going to boom in the stock market in the upcoming days. The company was founded in 2010 and has more than 10 Million customers worldwide. It is a UK-based foreign exchange financial technology firm offering remittance and foreign exchange-related services. Wise has around 1.02 Billion shares outstanding and is growing rapidly in the stock market. WSE stock price at current is 776.2 GBX with a market cap of 11.06 GBX. The annual revenue of the Wise company is 856.8 Million GBX and is expected to hike in the near future, making it an excellent stock to invest in 2023. Also, the firm forecasted to upsurge revenues and earnings by 14.3% and 16.3% annually.
Darktrace (DARK)
Another major player in the UK tech stock market predicting massive returns in the near future is Darktrace. The firm was founded in 2013 and is one of the giant players in cybersecurity stocks using AI to investigate and rectify cyber threats in the software. The firm has experienced rapid growth and progress, mainly in terms of annual revenues. The DARK stock price at current is 373.5 GBX with a market capitalization of 2.5 GBX. The annual revenue of the firm is 312.6 Million GBX and is predicted to hike up to 19.7% in the upcoming years, making it a good stock to invest in in 2023.
Conclusion
The UK tech stocks are expected to go high soon with the increased demand for technological services like AI, automation, and cybersecurity. To gain enormous returns in the near future, DARK, OCDO, and WSE stocks are the best stocks to invest in at present. All these stocks are expected to gain growth and hikes in annual revenues and earnings in the near future, making them a good investment in 2023.
