Bank of America says there are plenty of tech stocks to buy heading into the second half of the year. The company says stocks like Nvidia are strong ideas with a lot of upside. Other stocks screened by CNBC Pro and rated Buy by Bank of America include Meta, Snowflake, Dynatrace, and Sandisk. SanDisk analyst Wamsi Mohan recently said after meeting with management that SanDisk stock remains attractive. Mohan praised the company’s efforts to switch to a new business model focused on multi-year contracts to prevent cyclical fluctuations in revenue. He said SanDisk’s pricing power is key to making the stock work. “We think it’s a win-win because NBM is committed to supplying customers and is also committed to providing finance to SanDisk,” he said. Bank of America also raised its price target to $2,100 per share from $1,550. “We repeat the buy based on valuation, profitable joint venture partnerships, equity returns, and long-term potential for industry consolidation,” he said simply. The stock is up more than 820% this year. read more. Dynatrace This artificial intelligence-powered software stock is a “great” idea for the second half of the year, says analyst Koji Ikeda. The company raised its price target to $50 per share from $48 after meeting with management. “We believe our value proposition will enable us to drive more strategic transactions and higher utilization rates, driving strong growth in our key metric, constant currency net new annual recurring revenue (ARR).” Ikeda also said that Dynatrace is uniquely positioned to deliver AI experiences in a secure manner. “We believe Dynatrace is poised for multiple years of strong growth in a large and expanding market,” he continued. The stock has fallen 4% since the beginning of the year. Meta analyst Justin Post is bullish on Meta stock, but said he sees further upside as the company introduces new AI search capabilities. “If Meta can drive adoption of its product, the opportunity for ‘search’ remains strong,” he said earlier this week. He said AI should help improve the search index and be a positive for Meta. Additionally, Meta has a wave of positive catalysts ahead, including “the launch of consumer agent products, more advanced LLMs, the Connect conference (September 2026), and further details on enterprise AI opportunities,” he wrote. The stock is down 13% since the beginning of the year, but the company said investors should buy the decline. Nvidia “Our $350 PO is based on 26x CY27E PE (cash basis), which is within the range of 25x to 56x NVDA’s historical prior-year PE. ” Snowflake “We value SNOW Buy because of its 1) data warehousing leadership in the cloud, 2) native interoperability with major public clouds, 3) ability to run multiple workloads including data warehousing, data engineering/data science, and data sharing, 4) large installed base of enterprise customers, and 5) AI. “AI technology opens the door to better ‘indexing’ of content in search results, which could create an opportunity for Meta…The search opportunity remains significant for Meta if the company can drive product adoption…Next catalysts: consumer agent product launch, more advanced LLM, Connect conference (September 26), and enterprise AI. Learn more about the opportunity for Dynatrace “We believe our value proposition will enable more strategic transactions and higher utilization, driving strong growth in our key metric: constant currency net new annual recurring revenue (ARR)…The advent of AI is making it difficult for businesses to efficiently and securely deliver digital experiences….Dynatrace “We believe that SNDK is poised for multi-year high growth in a large and expanding market.”SanDisk”The company did not provide an update on its guidance.Investors’ questions include a multi-year supply partnership with SNDK and its customers, called a new business model (NBM). …We see NBM as a win-win as it secures promised supplies to customers and SNDK’s financial position reiterates its valuation, beneficial joint venture partnership, share returns and long-term potential for industry consolidation.
