By Robbie Citrino for Kapitall.
S&P's Tech Index has been
up nearly 9.4% YTD
beating the broader S&P 500 index by 1.4%. Despite good
news for some tech stocks, there have been a few laggards
that have seen their market caps drop by over a quarter. Are
these stocks due for a rebound in the second half of the year?
Some analysts think so.
, the business social network for over 225 million users has
not been a Wall Street favorite since reporting a
to its earlier earnings estimates this year. Nevertheless, it
still holds 16 analyst buy ratings versus ten holds and zero sells,
and after diving 26% from 6 months ago, analysts predict it will
rebound 43% by next year.
expectations back in March, and investors have fallen out of love
with the company, sending its share price to almost half what it
was six months ago. Despite this, analysts still predict a large
upside in its market cap in the coming months, giving it 9 buy
ratings to just 9 holds and 0 sells.
Some pundits called a '
3D printing bubble
' earlier in 2014, leading to a selloff of more than a third of
3D System's (
market value. Analysts, on the other hand, believe that this
pessimism is misguided, retaining 10 buy ratings, 3 holds and just
2 sells for the young company. Although it might not reach its
December highs of close to $100 per share, the $65 price target
does show a comfortable 18% upside for investors.
Negative earnings revisions
do not usually spell prosperity for a company, however that hasn't
stopped analysts from continuing to like
. Rated with 14 buys and 5 holds, the big data firm is marked with
a solid 66% upside after falling 43% earlier this year.
Can these tech stocks rebound from their lows or are analysts
making a big mistake on these companies?
Click on the interactive chart to view data over
1. 3D Systems Corp.
): Engages in the design, development, manufacture, marketing, and
servicing of 3D printers and related products, print materials, and
services. Market cap at $7.83B, most recent closing price at
2. FireEye, Inc.
): Provides products and services for detecting, preventing, and
resolving advanced cybersecurity threats. Market cap at
$8.75B, most recent closing price at $76.31.
3. LinkedIn Corporation
): Operates an online professional network. Market cap at $23.93B,
most recent closing price at $199.59.
4. Splunk, Inc.
): Provides software solutions that provide real-time operational
intelligence in the United States and internationally. Market
cap at $9.62B, most recent closing price at $90.75.
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