2 Wildly Overvalued Tech Stocks
It's been nothing short of an outstanding 2017 for the tech sector. Up nearly 43%, tech stocks have nearly doubled the Standard & Poor's (S&P) returns of 24% this year. Given the strength of tech stocks there are no shortage of highly valued investment alternatives, but some are over the top.
Two that come to mind are data security provider Palo Alto Networks (NYSE: PANW) and seemingly everyone's favorite tweet master, Twitter (NYSE: TWTR). Palo Alto and Twitter share some common traits, including on-going losses. Another similarity is the inexplicable love both Palo Alto and Twitter continually receive from industry pundits.
Image source: Palo Alto Networks.
Source: Fool.com
Palo Alto Networks Stock
€301.05
1.800%
The stock is an absolute favorite of our community with 80 Buy predictions and no Sell predictions.
As a result the target price of 322 € shows a slightly positive potential of 6.96% compared to the current price of 301.05 € for Palo Alto Networks.
