With 2011 coming to a close, the focus shifts to 2012. Goldman Sachs (NYSE:GS) recently released their top nine tech stocks for 2012. Although tech names such as Microsoft (NASDAQ:MSFT) and Hewlett-Packard (NYSE:HPQ) have performed poorly over the past few years, Goldman Sachs believes there is plenty of upside in the tech sector. The bank’s equity strategists recommend a 20% portfolio weighting to technology, by far the largest of any sector, with financials (NYSEARCA:XLF) coming in second at 13%.
Here are the nine stocks to play the tech sector in 2012:
Visa, Inc. (NYSE:V): Visa is a global credit card company that operates a retail electronic payments network. Shares currently trade near $96, but Goldman sees the potential of $110 per share. Get the most recent company news and stock data here >>
NCR Corp. (NYSE:NCR): NCR is the largest global vendor of ATMs. The Company also produces self-checkout and self-service kiosks and point-of-sale workstations. Goldman predicts upside potential of $20 per share. Currently, shares trade slightly above $16. Get the most recent company news and stock data here >>
QUALCOMM Incorporated (NASDAQ:QCOM): QUALCOMM develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access intellectual property to other companies, and produces CDMA-based integrated circuits. Although shares trade around $52, Goldman predicts upside potential to be $65 per share. Get the most recent company news and stock data here >>
Synchronoss Technologies, Inc. (NASDAQ:SNCR): The Company provides e-commerce transaction management solutions to the communications services marketplace. Its ConvergenceNow platform is used by most large U.S. wireless, wireline, cable, and VoIP providers to bill orders. Shares currently trade near $30, but Goldman sees upside potential to $37 per share. Get the most recent company news and stock data here >>
Oracle Corp. (NASDAQ:ORCL): Oracle supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Goldman has a $39 price target on shares. Currently, shares trade at $29. Get the most recent company news and stock data here >>
EMC Corp. (NYSE:EMC): EMC provides enterprise storage systems, software, networks, and services. The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms. Shares trade near $22, but Goldman predicts upside potential to be $39 per share. Get the most recent company news and stock data here >>
VMware, Inc. (NYSE:VMW): VMWare is the world’s largest virtualization-software vendor for server operating systems. The Company’s solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management and desktop management. EMC owns about 80% of the company. Goldman’s price target is $125, while shares currently trade at $85. Get the most recent company news and stock data here >>
Aeroflex Holding Corp. (NYSE:ARX): Aeroflex designs and manufactures radio frequency and microwave integrated circuits. The circuits are used in the production of wireless communications equipment for the space, avionics, defense, commercial wireless communications, medical and other markets. Goldman has a price target of $14 per share. Currently, shares are trading just under $10. Get the most recent company news and stock data here >>
Apple Inc. (NASDAQ:AAPL): Apple is one of the largest companies in the world. It is the maker of electronic devices, including PCs (Macs), tablets (iPad), phones (iPhone) and portable music players such as the iPod. Shares currently trade at $380, but predicts shares can hit $520. Get the most recent company news and stock data here >>
Goldman Sachs had Apple, Oracle and Qualcomm on their 2011 tech list, but all three failed to met price targets. Out of eight must own tech stocks for 2011, only one, SuccessFactors (NASDAQ:SFSF), beat its price target.