These tech stocks are still cheap and loved by Wall Street heading into 2025

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 72%

Breaking News: Markets News

Akamai Technologies Inc,Dolby Laboratories Inc,Vishay Intertechnology Inc

DocuSign and IBM-spinoff Kyndryl are among the stocks that are trading at attractive valuations amid the recent run-up in tech names.

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 notes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »