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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