NEW YORK (TheStreet) -- Apple (AAPL), O2Micro International (OIIM), Google (GOOG), Longtop Financial Technologies (LFT), Hewlett-Packard Company (HPQ), RDA Microelectronics (RDA), Cisco Systems (CSCO), ChinaCache International (CCIH), Xerox (XRX), Micron Technologies (MU) have upside potential of 22% to 150%, based on analysts' consensus estimates of 12-month price targets.
The Federal Reserve's decision to keep interest rates low rallied the U.S. stock markets. On Wednesday, the technology-heavy Nasdaq Composite Index touched its highest point since 2000, finally closed 22.3 points higher at 2869.9 points at close. A weak dollar could boost technology stocks after the dollar fell for the seventh consecutive day Wednesday, slipping around 0.9% to $1.478 against the euro.
|Longtop, O2Micro International and Google are technology stocks with nearly 150% upside.|
We have selected technology stocks that are expected to gain up to 150% over the next 12 months with a mean upside value of around 43%, according to analysts polled by Bloomberg. The stocks discussed here have analysts' buy ratings of 50% to 100%
In comparison, other stocks such as Intel (INTC), Yahoo! (YHOO), Oracle (ORCL), International Business Machines (IBM), Cognizant Technology Solutions (CTSH), and Dell (DELL) are expected to yield below 16%.The stocks are stacked by upside, great to greatest.
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