The market has decided to party like it’s 1999, and with the Nasdaq hitting a new all-time high, why not? The major difference now is there is nowhere near the retail involvement there was during the last tech bubble, and for the most part many tech stocks are still reasonable. In a new set of research reports, Stifel tracks four technology stocks that still make sense in a pricey market.
The Stifel team has sharpened the pencils and done some very solid work on top tech stocks to buy that have either been hit hard or the market has deemed a little too dicey to buy now. All four make good sense for aggressive growth portfolios.
This chip capital equipment company is expected to grow faster than the industry average over the balance of the year. FormFactor Inc. (NASDAQ: FORM) helps semiconductor manufacturers test the integrated circuits (ICs) that power consumer mobile devices, as well as computing, automotive and other applications. The company is one of the world’s leading providers of essential wafer test technologies and expertise, with an extensive portfolio of high-performance probe cards for DRAM, Flash and system on chip (SoC) devices. Customers use FormFactor’s products and services to lower overall production costs, improve their yields and enable complex next-generation ICs.
With the chip market perhaps seeing a bottom this summer, that could provide investors with solid upside. FormFactor offers investors a way to play the chip equipment arena with a lower price stock.
The Stifel price target for the stock is $11. The Thomson/First Call consensus price target is $10.93. Shares closed Thursday at $9.23.