3 New Tech Stocks to Watch Out for in 2022

Tech stocks like Topicus.com (TSXV:TOI) are worth watching in 2022.

| More on:
Man holding magnifying glass over a document

Image source: Getty Images.

2021 was an excellent year for new listings. With the market so enthusiastic, it’s no surprise that there were so many initial public offerings (IPOs) this year. Here are some of the best tech stocks that debuted this year that could capture more mainstream attention in 2022. 


Topicus.com (TSXV:TOI) was spun off from its parent company Constellation Software just 11 months ago. In that short period of time, it’s already delivered an impressive return. Topicus stock is up 82.7% since its public listing. 

Legendary investor Mark Leonard still occupies a seat on the company’s board. That means the Constellation DNA is deeply ingrained in this spinoff. If the company can replicate Constellation’s winning formula in Europe, it’s likely to be one of the best stocks to follow next year.

In 2022, the company is likely to find many more acquisition targets. Higher interest rates should take a bite out of software valuations. Europe’s software startups are already trading at lower valuations than their North American counterparts. Cheaper acquisitions should bolster Topicus’s earning power even further. 

Keep an eye on this underrated tech stock in the new year. 

Cryptocurrency with a passive-income twist

I know what you’re thinking — there’s plenty of crypto funds on the market. What makes any of them special? Well, Purpose Ether Yield ETF (TSX:ETHY) offers a unique feature: passive income. 

If you think the strategy is based on decentralized finance (DeFi) products, you’re mistaken. Instead, the Purpose team uses traditional derivatives to generate passive income from its crypto holdings. The company writes covered call options that receive a premium from traders. This premium is distributed to shareholders as recurring dividends.

The ETHY exchange-traded fund (ETF) went live just a few months ago. Since then, Ethereum’s price has declined, but the ETF’s dividend yield has cushioned that plunge. At the time of writing, ETHY offers a jaw-dropping 19.77% yield. That’s slightly offset by the 1.1% management fee. The ETF is also trading at a slight discount to net asset value. That’s what makes it one of the best crypto ETFs to buy at the moment. 

Space tech stock

MDA (TSX:MDA) went public in April and has been crash-landing ever since. The stock is down 46%. In fact, it’s now trading at the same valuation it was when a group of private investors purchased its assets in 2020. That’s nearly two years of 0% appreciation. 

That’s a bleak picture. Why is it on this list then? Because the underlying business is doing just fine. In fact, the company expects revenue to surge 50-60% in 2022. In this line of work, with long-term government contracts, that forecast is believable. 

Meanwhile, the stock is trading at a price-to-sales ratio of just 2.9. If the team can execute the growth plan successfully in 2022, the price could potentially double. That’s why this little-known tech stock deserves a spot on your list.  

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Vishesh Raisinghani owns Ethereum and Topicus.Com. The Motley Fool owns and recommends Ethereum and Topicus.Com Inc. The Motley Fool recommends Constellation Software.

More on Tech Stocks

Growth from coins
Tech Stocks

2 Canadian Growth Stocks to Buy and 1 to Sell

The recent volatility in the stock market has created all kinds of opportunities for long-term investors.

Read more »

Overhead shot of young adults using technology at a table
Tech Stocks

3 Cheap Tech Stocks to Buy Right Now

Given their long-term growth prospects and discounted stock prices, I am bullish on these tech stocks.

Read more »

Redwood trees stretch up to the sunlight.
Tech Stocks

These 3 Magnificent Stocks Keep Driving Higher

Constellation Software, Dollarama and another TSX stock have consistently generated positive investment returns. Here’s why they belong in your retirement…

Read more »

A worker uses the cloud for paperless work. tech
Tech Stocks

Wanna Beat the Market? Try These 2 Tech Stocks That Look Undervalued Today

Here's why undervalued TSX stocks such as Vitalhub can help you generate outsized gains in the next 12 months.

Read more »

Target. Stand out from the crowd
Tech Stocks

2 Fintech Stocks I’d Buy and Hold Forever

High-growth fintech stocks such as Nu and Propel are positioned to deliver outsized gains to shareholders in 2024 and beyond.

Read more »

question marks written reminders tickets
Tech Stocks

Down by 31.43%: Is Lightspeed Stock a Buy After Earnings?

While its decline in share price might suggest the company isn’t doing well, the earnings report makes Lightspeed stock seem…

Read more »

Shopping and e-commerce
Tech Stocks

Is Shopify Stock a Buy Now?

Here's why Shopify (TSX:SHOP) ought to remain among the top growth stocks long-term investors want to own in this current…

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Tech Stocks

Topicus Stock Jumps 16% on Killer Full-Year Earnings

Topicus (TSXV:TOI) reported strong earnings after revenues surged higher, and with a volatile market this is exactly what you want…

Read more »