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Where to Buy the Top Tech Stocks for Under $10

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Sep. 30 2020, Updated 2:10 p.m. ET

Discovering the top tech stocks that you can buy for under $10 or any amount is easy if you know where to look. Overall, the tech sector is broad. Some companies build tech products like smartphones or sell digital services like online video streaming. Other companies provide technology solutions to various industries like renewable energy and healthcare, which has led to categories like green tech stocks and health tech stocks. 

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Source: istock

Where to buy the top tech stocks under for $10

If putting money in penny stocks scares you and stocks with a triple-digit price tag aren't in your budget, then shopping for the top tech stocks under $10 may be the way to go. Investors who want cheap tech stocks have many options. 

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You can buy the top tech stocks for under $10 through online brokers like Robinhood, Webull, SoFi Invest, Cash App, and Tastyworks. You will start by setting up and funding an account. Since most of these brokers offer different account types, you should choose what works best for you. The search tool in these apps allows you to filter stocks by price, which makes discovering tech stocks that sell for under 10 quick and easy.  

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These online brokers don't have a minimum investment requirement and don't charge a trading commission, which lowers the barrier for small investors to participate in the stock market. Also, since most of these brokers allow investors to purchase fractional shares, you can buy some of the best tech stocks for under $10. 

What are the top tech growth stocks to buy in 2020?

Investors shopping for the top tech growth stocks to buy in 2020 have plenty of options. Fastly and Salesforce are on the list of the best tech growth stocks for many investors. Fastly participates in the intersect of cloud computing and security. The company helps customers deliver content and apps quickly and securely for the best user experience. Fastly's customers include TikTok, Shopify, and Slack. The company estimates its addressable market at more than $35 billion, which indicates that it has captured less than 1.0 percent of the available opportunity.

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Salesforce provides cloud-based CRM software and its industry outlook is impressive. The global CRM market is growing at more than 14 percent annually. The market is on track to exceed $114.4 billion in 2027 from $40.2 billion in 2019. Investors seeking the top tech growth stocks can take a hint from Salesforce. The company has invested in data-warehousing provider Snowflake alongside Warren Buffett’s Berkshire Hathaway.

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Lightspeed, PayPal, and Square are also some of the top tech growth stocks for investors. Lightspeed is a Canadian company that competes with Shopify in an industry with tremendous growth potential. PayPal and Square are in the business of replacing cash in everyday transactions. They have barely scratched the surface of the available opportunity.  

What are the top green tech stocks to buy now?

The renewable or green energy sector is on fire due to the efforts of governments and corporations to reduce carbon emissions to combat pollution and climate change. The global renewable energy market is on track to grow to $1.5 trillion in 2025 from $928 billion in 2017. 

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There are plenty of investment opportunities in the green sector from companies developing clean energy technology solutions to companies generating and distributing energy. Investors shopping for the top green tech stocks to buy have many options. The list includes Plug Power, Renewable Energy Group, SolarEdge Technologies, and Canadian Solar. 

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Sunrun is another green tech stock that is a top pick. The company cut a deal to acquire its rival Vivint Solar. Tesla is also a top pick. The company is known for its electric vehicles but it also sells solar panels that convert sunlight into electricity through its SolarCity subsidiary.

What are the top health tech stocks to buy in 2020?

The health tech sector is expanding rapidly. The global digital health market is on course to top $510 billion in 2025 from $111 billion in 2019. The sector consists of companies that sell a variety of medical products and services targeting healthcare providers and consumers. 

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Investors seeking the top health tech stocks to buy could consider Livongo Health, which agreed to merge with Teladoc Health. Teledoc Health provides virtual health solutions. 

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GoodRx also makes the list of the top health tech stocks for some investors. The company helps people save money on prescription drug purchases through a platform that tracks drug prices at more than 70,000 pharmacies across the U.S. GoodRx also provides virtual care services like virtual doctor consultations. The company went public in September 2020.

Investors who want to broaden their shopping for the top health tech stocks could also consider tech giants Alphabet, Microsoft, Amazon, and Apple. For example, Apple sells smartwatch devices that help people monitor their heart rates and track workouts. Alphabet, Microsoft, and Amazon provide cloud services to healthcare companies. Alphabet is also involved in life-science efforts through its Verity subsidiary

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