2 FAANG Stocks Wall Street Predicts Will Rebound by More Than 33%

The tech companies have faced severe selling pressure on concerns over the Fed raising rates several times this year to control multi-decade high inflation. While a rising-interest-rate environment could mar the growth of technology companies, it could be wise to consider FAANG stocks, which represent $Meta Platforms(FB.US)$ , formerly known as Facebook, $Amazon(AMZN.US)$ $Apple(AAPL.US)$ , $Alphabet-A(GOOGL.US)$ $Alphabet-C(GOOG.US)$ , and $Netflix(NFLX.US)$ , due to their stable and low-risk nature.
Even though global supply chain disruption could dampen the technology industry’s expansion, increasing demand for advanced technologies amid the accelerating digital transformation should drive its growth.
Given the market dominance of FAANG, analysts are highly optimistic about the near-term performance of AMZN and NFLX.