3 Solid Tech Funds to Buy as Nasdaq Hits New Milestone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
0mins
Source: NASDAQ.COM
- Wall Street Rally: The Wall Street rally continues with all three major indexes hitting all-time highs, driven by tech stocks like NVIDIA.
- Nasdaq Composite and S&P 500: On Jun 11, the Nasdaq Composite and the S&P 500 hit new all-time highs, with the Nasdaq closing at a record high.
- AI Market Growth: The AI market is expected to grow rapidly, fueled by demand for AI chipsets and smart devices.
- Tech Sector Funds: Three tech sector funds worth buying offer impressive returns, low expense ratios, and Zacks Mutual Fund Ranks #1 or #2.
- Mutual Funds Benefits: Investors are encouraged to consider mutual funds for reduced transaction costs, diversification, and avoiding commission charges associated with stock purchases.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 338.25 USD with a low forecast of 279.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
27 Buy
7 Hold
0 Sell
Strong Buy
Current: 330.540
Low
279.00
Averages
338.25
High
390.00
Current: 330.540
Low
279.00
Averages
338.25
High
390.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
