Will Tech ETFs See Further Selloffs?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
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Source: NASDAQ.COM
Current Market Pressure on Tech Stocks: U.S. technology stocks are facing significant pressure due to high valuations and a slowing economy, with investors holding approximately $22.5 billion in long positions on the Nasdaq 100 Index, which could incur losses if negative economic data emerges.
Investment Opportunities in Low P/E Tech ETFs: Despite market challenges, there are opportunities for investors in low price-to-earnings ratio tech exchange-traded funds (ETFs), such as the Technology Select Sector SPDR Fund and Fidelity Cloud Computing ETF, which remain attractively valued.
Analyst Views on SNSR
Wall Street analysts forecast SNSR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNSR 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: 38.610
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Current: 38.610
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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.
