Tech stocks are among those that are still cheap and loved by Wall Street heading into 2025

Several technology stocks are among those that are still attractively valued in the face of mounting concerns of an AI-fueled tech bubble. Megacap technology stocks have had a monster run this year in a rally that's stretched into yearend on hopes of profit growth tied to artificial intelligence and lower borrowing costs courtesy of Federal Reserve rate cuts.

Bank of America is even more bullish, initiating coverage of Kyndryl late last month with a buy rating and $40 price target, implying 13% potential upside. "Since the spin from IBM in 2021, the company has diligently cultivated an increasingly profitable book of business and is targeting a return to organic constant-currency growth by F4Q25," analyst Tyler DuPont said in a Nov. 22 report.

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These tech stocks are still cheap and loved by Wall Street heading into 2025DocuSign and IBM-spinoff Kyndryl are among the stocks that are trading at attractive valuations amid the recent run-up in tech names.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Wall Street's 2025 Market Outlooks: A Reason to Be SkepticalMainstream financial experts predict a 10% gain for the S&P 500 in 2025, but a strategist at BCA Research argues that such average returns are rare. He suggests the market is more likely to experience extreme deviations from this forecast.
Fuente: CNBC - 🏆 12. / 72 Leer más »