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
€314.05
-0.790%
The stock is one of the favorites of our community with 120 Buy predictions and 1 Sell predictions.
However, we have a potential of -4.16% for Palo Alto Networks as the target price of 301 € is below the current price of 314.05 €.
