Tech stocks can soar another 25% during ‘next chapter’ of economic recovery, Wedbush analyst says

A view outside Nasdaq in Times Square during the Coronavirus pandemic on March 31, 2020 in New York City.


  • Tech stocks rallied through the first phase of recovery, and the second bout of improvement is only just beginning, Wedbush analyst Dan Ives said Friday.
  • A steady economic bounce-back through 2021 will improve the sector’s fundamentals and growth paths, the analyst said, particularly for firms well-positioned for nationwide reopening.
  • This “next chapter” can drive tech stocks another 20% to 25% higher, according to Wedbush.
  • Pandemic-driven growth themes around the tech sector “are unprecedented and not comparable to anything I have seen as a tech analyst on the Street for two decades,” Ives added.
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After tech stocks led indexes to record highs and faced outsized selling, the sector is poised for another blockbuster rally, according to Wedbush analyst Dan Ives.

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