5 Top Picks From Thriving Technology Services Space in 2024 - AppLovin (NASDAQ:APP), Aptiv (NYSE:APTV)

　　AppLovin Corp. APP is engaged in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. APP provides a technology platform that enables developers to market, monetize, analyze and publish their apps.

　　AppLovin has an expected revenue and earnings growth rate of 31.7% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 18.9% over the last 60 days.

　　Duolingo Inc. DUOL operates as a mobile learning platform in the United States, China, the United Kingdom, and internationally. DUOL offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through the Duolingo app. DUOL also provides a digital language proficiency assessment exam.

　　Duolingo has an expected revenue and earnings growth rate of 37.8% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 26.1% over the last 60 days.

　　Spotify Technology S.A. SPOT provides audio streaming services worldwide. SPOT operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

　　The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. SPOT also offers sales, distribution and marketing, contract research and development, and customer support services.

　　Spotify Technology has an expected revenue and earnings growth rate of 17.3% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 40.6% over the last 30 days.

　　SPX Technologies Inc. SPXC supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC) and detection and measurement markets worldwide. SPXC operates in two segments, HVAC and Detection and Measurement.

　　The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems.

　　SPX Technologies has an expected revenue and earnings growth rate of 14.7% and 24.4%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 60 days.

　　Aptiv plcAPTV is well-positioned to leverage growing electrification, connectivity, and autonomy trends in the rapidly evolving automotive sector. Acquisitions and collaborations help APTV capitalize on developing automotive markets. APTV has ramped up investments in advanced technology and collaborations to make the most of the opportunities offered by the automotive sector.

　　Aptiv has an expected revenue and earnings growth rate of 5.2% and 23.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.7% over the last 60 days.

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