Despite a challenging market backdrop, Wall Street remains optimistic about several tech stocks that can withstand headwinds to deliver solid returns over the long term. Using TipRanks’ Stock Comparison Tool, we analyzed Nvidia (NVDA), Salesforce (CRM), and Alphabet (GOOGL) to find the most attractive tech stock.
Nvidia’s decline of 24% so far this year is largely due to tariff wars and chip restrictions. However, analysts remain confident about the company’s long-term growth potential, driven by the significant demand for its GPUs in building and training AI models. With a Buy consensus rating and an average price target of $169.30, Nvidia stock has 67% upside potential.
Salesforce, another tech giant facing macro pressures, has seen its stock decline 26% year-to-date. Despite concerns about a slowdown in spending, analysts are optimistic about the company’s generative AI features, including Agentforce, which is expected to drive future growth. With a Buy consensus rating and an average price target of $400, Salesforce stock has 51% upside potential.
Alphabet, parent company of Google, faces regulatory challenges due to its position in online ad markets. However, analysts believe that the potential financial impact on Alphabet’s earnings may be modest, given the segment at risk generated revenue of $30 billion in 2024. With a Moderate Buy consensus rating and an average price target of $196.94, Alphabet stock has 30.3% upside potential.
Wall Street is highly bullish on Nvidia but cautiously optimistic on Salesforce and Alphabet. Analysts expect continued demand for its advanced GPUs in the AI space to drive growth for Nvidia, while generative AI features offer new opportunities for Salesforce and Alphabet.
Source: https://www.tipranks.com/news/nvda-crm-or-googl-which-tech-stock-is-the-most-attractive-pick