While "buy the dip" isn't always a prudent strategy, there is perhaps nothing more exhilarating for an investor than picking up a struggling stock just as it rebounds. UBS has some recommendations.

In a research note Thursday, the investment bank highlighted its top picks across 14 sectors in technology, media, and telecommunications. Among them are Palantir Technologies, AT&T, and Spotify Technology, all of which have trailed the market in 2026.

"The common thread across the picks is a focus on stocks with unique growth drivers, attractive valuations, and the ability to capitalize on secular trends like AI, cloud, and digital transformation," the UBS analysts said of their 14 choices.

Palantir stock is down -1.5% to $175.18 in 2026. Worries that AI models would weaken software demand drove a sharp downturn to start the year. An eye-watering valuation-Palantir traded at 180 times projected 12-month earnings in January-didn't help.

While that valuation has been slashed in half, the data software company's fundamentals have held up. Palantir, which is known for selling to military and defense agencies, posted 93% year-over-year revenue growth in the second quarter, with adjusted operating margins expanding to 62% from 46%. UBS sees those margins holding steady in the next few years even as revenue growth naturally moderates.

"Palantir is facing a very strong demand backdrop for its AI and automation software with limited evidence of competition from either the AI model providers or data software peers today," the analysts wrote.

UBS has a $250 price target on the stock, representing a 43% jump from Friday's price.

If Palantir has been one of the flashiest growth stocks of the decade, AT&T has mostly been a dividend play. Shares of the wireless and broadband provider have risen 2.5% to $25.46 this year, well behind the S&P 500's 11.4% gain. The stock is basically flat since the fiber boom of the late 1990s.

But the telecom industry-at least here on Earth-is trending in a direction that benefits AT&T, UBS says. Companies are bundling product offerings, which highlights UBS's position as the country's largest wireless and fiber operator.

And while peers are eating into cash flow to invest in fiber, AT&T is already the fastest fiber builder in the U.S. The company has shown an ability to sustain cash flow while making capital expenditures, giving it room to buy back stock and keep dividends strong. UBS sees AT&T shares rising 22% to $31 apiece.

Spotify has been the worst performer of the trio in 2026, falling 11% to $518.61. The Swedish audio streamer continues to add subscribers, but earnings disappointed last quarter due in part to higher operating costs.

UBS isn't worried about growth. It expects Spotify to convert free subscriptions into paid ones, raise prices, and penetrate a vast global market for music listeners. As for profit margins, UBS sees Spotify expanding into higher-margin products, such as audiobooks.

The valuation is the kicker. Shares trade at around 31 times earnings over the next 12 months, down from 42-times at the start of the year. The dip provides "an attractive entry point," UBS wrote.

The firm has a $690 price target on Spotify stock, implying 33% upside.

Other UBS top picks in tech include Amazon.com, Pinterest, Procore Technologies, and Texas Instruments.