Several technology stocks are among those that are still attractively valued in the face of mounting concerns of an AI-fueled tech bubble.
Docusign shares are up 27% over the past month after the company issued strong results and upbeat guidance for the fourth quarter.
Shares have gained roughly 70% this year and could have another 7% left in them, according to the consensus price target as compiled by FactSet.
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.
But analysts polled by FactSet forecast significant upside for both stocks.
Persons:
FactSet, Tyler DuPont, Donald Trump, Enphase, Vishay
Organizations:
Federal, Nasdaq, Apple, Google, Broadcom, IBM, FactSet, Bank of America, Energy, Biden, Deutsche Bank, China, UBS, Dolby Laboratories, Akamai
Locations:
yearend, U.S