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For the stock to climb by 35% to Wall Street's consensus 12-month price target, the company will need to either beat the consensus revenue estimates in 2025, or its P/S multiple will have to increase.
Ives' prediction that tech stocks would gain 20% in 2023 was also accurate, as the tech-heavy Nasdaq index finished up 24%. He also called 2024 the "year of AI," saying that tech stocks would jump ...
Dan Ives of Wedbush Securities recently published his top picks for 2025 among megacap tech stocks. Here Are the Top 5 "Magnificent Seven" Stocks to Buy in 2025, According to 1 Wall Street Analyst ...
Rising technology stocks on Monday helped U.S. indexes recover some more of their holiday-season slide that bridged the new year. The S&P 500 added 0.6% for a second straight gain following five ...
AI-related stocks have been Wall Street’s biggest stars in recent years, soaring on expectations that big spending will only continue to grow. The gains, though, also created criticism that the stock prices had simply gone too high, too fast. It’s still uncertain how much DeepSeek’s development will upend the AI industry.
The tech sector dragged US stocks lower on Monday, with major indexes down about 1%. The extended decline in the Nasdaq 100 and S&P 500 can be linked to rising bond yields over the past few weeks.
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