15 Tech Stocks That Could Rocket Up to 85% in a Year

Over the past two weeks, technology stocks have taken a significant hit, falling alongside the broader market in response to mounting economic uncertainty.

‍

This recent selloff began on April 2, following former President Donald Trump’s announcement of sweeping tariffs. Since then, the market has endured a rough stretch, with the S&P 500 dropping 6.9% and the Roundhill Magnificent Seven ETF (MAGS) down approximately 10%. The tech sector has been particularly vulnerable, especially those companies reliant on hardware sales, which have been disrupted by the prospect of increased trade barriers.

‍

Big-name hardware firms have suffered steep losses. Nvidia Corp. has dropped 8%, Dell Technologies has declined by 11%, and Micron Technology has tumbled roughly 22% since the announcement of the tariffs. The decline accelerated after Nvidia revealed on Tuesday that the U.S. government now requires a license to export its H20 chips to China, Hong Kong, and Macau — a development that led to a 9% plunge in Nvidia’s stock since that disclosure.

‍

Despite the carnage, Wall Street analysts see signs of opportunity. While some of the selling might be justified — particularly as rising costs of imports and tighter restrictions on exports are likely to compress profit margins — many believe the market reaction may have been overly aggressive.

‍

Though analysts have adjusted their price targets to reflect tariff impacts, most continue to recommend buying these stocks, suggesting that there’s considerable upside potential.

‍

For investors able to stomach volatility, this may present a rare “buy-the-dip” scenario.

‍

MarketWatch compiled a list of tech companies with strong backing from Wall Street. These are stocks where at least 75% of analysts have issued bullish ratings, and the current price levels suggest considerable room for appreciation based on consensus target prices compiled by FactSet.

‍

Many of these companies are dealing with short-term headwinds, leading to sharp declines in valuation. However, analysts believe these setbacks could be temporary and expect these firms to rebound strongly over time, buoyed by promising growth trajectories and expanding market share.

‍

Micron Technology, for instance, has seen its stock fall 18% year to date, mainly due to broader economic uncertainty. Yet analysts are optimistic about the company's future. According to a Baird report, the market for high-bandwidth memory — a segment in which Micron is a major player — is expected to expand significantly by 2025. This could help fuel a turnaround. FactSet estimates suggest Micron’s earnings per share (EPS) could rise to $8.37 in 2025 and $11.23 by 2026, a notable improvement from $3.20 in 2024.

‍

First Solar Inc. has also experienced a rough year, with its shares down 29%. This decline is largely attributed to concerns surrounding clean energy policies and uncertainty about renewable energy tax credits under the Trump administration. However, analysts remain confident in First Solar’s long-term prospects due to its strong sales outlook. FactSet data shows analysts forecasting EPS of $17.86 in 2025, compared to $12.02 in 2024.

‍

Meta Platforms Inc., the parent company of Facebook, has also faced pressure. The stock has slipped 14% so far this year, driven in part by investor caution amid macroeconomic instability and partly due to legal challenges.

‍

Meta is currently involved in an antitrust trial that could force a corporate breakup. Still, the company’s core business — advertising — remains robust, accounting for the majority of its $165 billion in revenue during 2024. At a forward price-to-earnings ratio of around 21, the stock is trading near levels typically associated with value investments.

‍

Alphabet Inc., the parent of Google, has not been spared either. Shares of GOOG and GOOGL have dropped about 19% this year. The tech giant is entangled in several antitrust lawsuits, with a judge recently ruling that its advertising-technology unit holds monopoly power.

‍

Another prior ruling determined that its search business was anticompetitive. The potential consequences of these legal battles — including the possibility of being forced to sell assets like the Chrome browser or parts of its ad business — have added to investor anxiety.

‍

Nevertheless, Baird analysts continue to endorse the stock based on Alphabet’s massive scale, dominant market position, and consistent growth path.

‍

In sum, while recent developments — particularly tariffs and geopolitical tension — have sparked sharp declines in tech stocks, analysts generally remain optimistic about the long-term outlook. For investors willing to take on risk during turbulent times, many of these tech giants may offer compelling opportunities for future gains.

‍