Since the beginning of this year, US technology giants have repeatedly set new highs and risen gratifying. Among the top 20 Nasdaq stocks by market capitalization, all 18 stocks have recorded gains, of which the one with the biggest increase so far this year is NVIDIA Corp, which has risen more than 117%. Apple Inc, Microsoft Corp, Alphabet Inc-CL C and others have all achieved a return of more than 30%.
Some component stocks of the Nasdaq index have risen and declined since the beginning of the year, closing as of December 14, 2021.
Recently, in a highly inflationary environment, the threat of raising interest rates has worried investors in technology stocks. What do Wall Street analysts think of technology stocks? Can we continue to improve next year?
Analysts are generally optimistic about the future performance of US tech giants, according to Bloomberg. Here are their average target prices for the top 10 stocks in the Nasdaq over the next 12 months:
Bloomberg analysts continue to be bullish on NVIDIA Corp and Amazon.Com Inc, with a 12-month target price potentially rising more than 20 per cent from current prices, while bullish on Meta Platforms, Alphabet Inc-CL C, Microsoft Corp, ASML Holding NV, Netflix Inc and others. Share prices are expected to rise by more than 10 per cent in the next 12 months.
On the other hand, analysts' target prices for Apple Inc and Tesla, Inc. are lower than current prices and are expected to fall by 0.72 per cent and 11.83 per cent respectively.
Edit / lydia