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MarketBeat
MarketBeat
Business
Leo Miller

3 Most Upgraded Stocks Last Month According to MarketBeat

MarketBeat Datadog Snowflake Marvell

May was a big month for the technology sector. The Technology Select Sector SPDR Fund (NYSEARCA: XLK), a commonly used proxy for the industry’s performance, delivered a total return of 19.8%. This was barely below the 20% gain the fund put up in April, as investors strongly bid up many stocks within the AI trade.

Three stocks did particularly well and received high praise from the analyst community—topping MarketBeat’s list of the most upgraded stocks in May. Unsurprisingly, all three are in the tech sector, including two prominent software companies.

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