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2 Tech Stocks That Could Soar 40% or More, According to Wall Street Analysts -Breaking

by Mike Robinson

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© Reuters. Wall Street analysts believe that 2 tech stocks could soar by 40% to more than 50%

Over the last few weeks the technology-focused Nasdaq Stock Exchange has seen a rally. The demand for high quality technology solutions will continue to grow with global digital transformation. It is therefore a smart move to place your bets on the fundamentally sound tech stocks Incyte, Kulicke and Soffa. Wall Street analysts believe these names will deliver strong upside over the next months. Let’s discuss.Driven by solid third-quarter earnings reports, the technology industry has been attracting increased investor attention and the tech-heavy Nasdaq has been rallying lately. Investors’ interest in tech stocks is evidenced by the Technology Select Sector SPDR Fund’s (XLK) 11.3% and 22.5% respective returns over the past six months and year-to-date.

The technology sector is also expected to expand with increasing investments, capacity expansion in data centers, 5G rapid deployment and other developments.

It could make sense to invest in quality tech stocks Incyte Corporation, Inc., Kulicke and Soffa Industries, Inc., Inc. (KLIC). Wall Street analysts anticipate these stocks will rise more than 40% in the short term.

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