The broad market sell-off has spared few victims so far this year and the US tech sector has been hit especially hard. The NASDAQ is down over 30% year-to-date. Are there any pockets of value within this underperforming sector? Let’s see what the Analysts think about the Top 20 US Tech Stocks by market capitalization.

Analyst recommendations provided by banks and brokers are a helpful guide in seeing what Wall Street and Institutional Investors think regarding the current price and future outlook of the stocks that they are analysing.
The analysis generally consists of in-depth fundamental evaluation of the company’s financial results, management team, industry, competitive forces, and technical factors. The stocks are then assigned a “BUY”, “HOLD”, “SELL” rating to indicate whether the stock is expected outperform, perform in-line, or underperform the market over the next 12 months. This is usually accompanied by a “Target Price”.

Some of the names in the list below are trading far from their ATH levels and could provide attractive entry prices for a long-term investment.

Source: Bloomberg 16/06/22

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