Tech Stocks Poised for Upsurge in 2027
Three major tech stocks are poised for significant growth in 2027, according to one analyst's bold predictions. The analyst believes that Alphabet (GOOG), NVIDIA (NVDA), and Salesforce (CRM) have yet to reach their full potential, despite already impressive gains this year.
Alphabet, parent company of Google, is currently trading at $352.20, with a Wall Street average target of $422.34. However, the analyst predicts that the stock will reach $500 by 2027, driven by growth in cloud acceleration and enterprise adoption.
NVIDIA, which has seen its revenue more than double to $96 billion in Q2, is expected to hit $350 by 2027, according to the analyst. This would put NVIDIA at roughly 22x the FY28 EPS consensus of $15.68.
Salesforce, which has lagged behind its peers this year, is predicted to reach $325 by 2027. The analyst points to Salesforce's strong Q2 earnings and the potential for significant growth in agent force monetization as drivers of this target.