lost nearly 5% on Thursday, but several of its most high-profile stocks are still overvalued, according to Wall Street analysts.
The tech-heavy index's remarkable run this year sent many stocks soaring past analyst consensus price targets, leaving the typically bullish analysts playing catch-up. CNBC used FactSet's screening tool to find the names that were most overvalued by that metric as of Thursday's close. Analyst price targets are typically for 12 months in the future and usually imply upside for the shares, even for stocks that have a neutral or hold rating. Some of the stocks on the list have run past their targets despite having buy ratings from more than 50% of analysts.
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