IXN - IXN: Tech Stocks Are Fairly Valued But Likely To Keep Climbing
- Tech stocks and broader equity markets have fallen recently following the emergence of the Omicron coronavirus variant.
- Nevertheless, tech stocks have performed well throughout the pandemic thus far, and monetary policy remains fundamentally loose.
- Based on current market metrics and expectations, IXN is most likely close to fair value.
- However, given a strong underlying return on equity, I would remain bullish on IXN due to its potential to out-perform expectations.
- IXN, being tech-focused, also wields the power of narrative that most other sectors do not enjoy. IXN is likely to remain a powerful long-term hold.
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IXN: Tech Stocks Are Fairly Valued But Likely To Keep Climbing