Five top tech stocks with major upside, Bank of America says

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Five top tech stocks with major upside, Bank of America says

There's a slew of tech stocks to buy heading into the second half, according to Bank of America. The firm says stocks like Nvidia are top ideas that offer plenty of upside potential. …

There's a slew of tech stocks to buy heading into the second half, according to Bank of America. The firm says stocks like Nvidia are top ideas that offer plenty of upside potential. Other stocks screened by CNBC Pro and rated buy at Bank of America include: Meta, Snowflake, Dynatrace and Sandisk. Sandisk Shares of Sandisk are still compelling, analyst Wamsi Mohan said recently, following a meeting with management. Mohan praised the company's effort to switch to a new business model focused on multiyear contracts in an attempt to prevent cyclical fluctuations in its revenue. Sandisk's pricing power will be key for the stock to work, he said. "We see the NBMs as win-win as they lock in committed supply for customers, and committed financials for Sandisk," he wrote. Bank of America also raised its price target to $2,100 per share from $1,550. "Reiterate Buy on valuation, beneficial joint venture partnership, share gains, and long-term potential for industry consolidation," he said succinctly. The stock is up more than 820% this year. Read more. Dynatrace This artificial intelligence-powered software stock is a "great" idea for the second half, according to analyst Koji Ikeda. The firm raised its price target to $50 per share from $48 following a meeting with company management. …

Original source: CNBC Top News

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Meta · CNBC · Launch · Nvidia · Sandisk · Snowflake · Justin Post · Bank of America