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Originally Posted by SportingBD
I have no clue what is happening with the tech stocks.
Are they overvalued? if so, why most of the equity analyst recommending buy and increasing price target.
It's getting very tempting and I might make a wrong move...
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I do not think they are over valued as a group. this pandemic caused an acceleration of online/tech growth - within months they achieved what it would have taken 5 years...
stocks that shouldn't be up aren't really going up. For ex u don't continue to see cruise ship rallying.. but u see stocks rallying that are having higher user growth, higher sales, higher profit.
Look at FB p/e ratio. it's cheap compared to even apple. And certainly msft.
I was getting bearish on FB wiht all the govt interference - but sales are there - numbers dont lie. and it will be a 1 Trillion dollars company sooner or later.