Wall Street's high-water price targets call for triple-digit upside in quantum computing stocks in the new year -- but these pie-in-the-sky predictions are likely unrealistic.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets.
These doubts have certainly contributed to services stocks’ recent underperformance - over the past six months, the industry’s 9.1% gain has fallen behind the S&P 500’s 14.4% rise.
History has, thus far, a flawless track record when it comes to forecasting what comes next for game-changing technologies and hyped trends on Wall Street.
