Yesterday, major stock indexes pushed higher guided by the tech-heavy Nasdaq composite. The two large-cap technology stocks Apple (AAPL) and Amazon (AMZN), also FAANG members, both received positive price-target raises. The tech-heavy Nasdaq rose 0.7% to lead the major stock indexes, while the S&P 500 and Dow Jones industrial average gained 0.4% and 0.2%, respectively.
Amazon gained on the news of Stifel Nicolaus raising its price target on the e-commerce titan to 2,525 from 2,020, which led to the stock continue its four-day rally. The updated price target is almost 30% higher than its closing price on Wednesday. Meanwhile, Apple increased more than 2% following JPMorgan’s overweight rating with a fresh $272 price target, trading just 2% off its highs.
However, there are many other opportunities for investors that aren’t the well-known FAANG stocks or Silicon Valley giants. As the tech sector is primed for growth because of continuous innovation, here are 3 tech stocks you should be watching.