FAANG Stocks Enter Headlines

23 June 2020

    FAANG (Facebook, Amazon, Apple, Netflix and Alphabet) stocks have been leading the market sell-off this year. Apple has received the most analyst appreciation so far. Not only is it up nearly 20% in 2020, but Jefferies has also upped the price target for it to $405. Citi and Bank of America are bullish on the stock too.

     

    Other FAANG stocks, however, are not to be forgotten either! Facebook, Amazon, Netflix and Alphabet are part of the picture for many analysts.

     

    Craig Johnson, chief market technician at Piper Sandler believes that all these stocks will continue to outperform, noting that Facebook, Apple and Amazon have already broken out to new highs. Nancy Tengler, chief investment officer at Laffer Tengler Investment, agrees that these tech giants are not even close to being done with their rally.


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