PANW - Tech party just getting started Wedbush says - Here are its favorite themes

The question of the month in tech investing - is there or isn't there more upside? - comes in with a "yes there is" from Wedbush, which says the "tech party is just getting started." The past month has seen "beat and raise" reports across the board, analyst Dan Ives notes, most recently from Zoom Video Communications (ZM) "massively beating" in a "drop the mic" moment. Those reports have given some more fuel to the rally and are cause for a re-rating, he suggests. "With a vaccine being deployed to the masses and the return to the office/normalization of society in the sights starting in late Summer/Fall, the tech skeptics continue to yell "fire" into a crowded theater that the tech rally/valuation re-rating is over," he writes. "We strongly disagree." A run just in the first few innings of playing out bodes especially well over the next few years for cloud,

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Tech party just getting started, Wedbush says - Here are its favorite themes