The article discusses the significant market downturn caused by President Trump's sweeping tariffs, which resulted in a plunge of the Dow Jones Industrial Average. However, it emphasizes that investors shouldn't panic; rather, they should selectively invest in promising tech stocks that still exhibit strong analyst projections, such as CrowdStrike and Broadcom. Despite the heavy losses, there are optimistic price targets for these stocks, indicating potential upsides amid the turmoil, particularly due to their resilience against tariffs affecting their core business models.
CrowdStrike has 32% more room to run this year according to Wall Street's $413 per share price target.
Tariffs barely touch its software-as-a-service model, with 70% U.S.-based sales insulated from import costs.
Even though Wall Street knew these tariffs were coming, some stocks still have pretty upbeat analyst outlooks with price targets implying 32% to 79% upside.
Wall Street has been well aware of the tariffs and analysts still gave Advanced Micro Devices and Broadcom double-digit price targets.
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