Tech is floundering – but ‘critical’ selectivity can still offer you outperformance – BMO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: SeekingAlpha
Technology Sector Performance: The technology sector has underperformed the S&P 500 by 5.5% in early 2023, marking its worst start since the financial crisis, although a significant portion of tech stocks are still outperforming, indicating potential for selective investment strategies.
Investment Strategy Recommendations: Investors are encouraged to adopt GARP (growth at a reasonable price) strategies to identify promising tech stocks, as this approach has historically yielded better returns during periods of lower correlation among individual stock performances.
Analyst Views on XLK
Wall Street analysts forecast XLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLK is USD with a low forecast of USD and a high forecast of 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.
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Current: 143.810
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Current: 143.810
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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.
