How the Biggest Tech Stock Winners From the Bull Market Are Doing Now

By Chris Lange Published Mar 16, 11:50AM EDT

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How the Biggest Tech Stock Winners From the Bull Market Are Doing Now — © Tesla Model S digital panels (CC BY 2.0) by jurvetson

During the most recent bull market, the technology sector was perhaps the biggest winner. Tech stocks like Apple and Facebook saw massive gains and were more-or-less the tip of the spear for the markets shooting higher.

With the advent of this bear market, we’ve seen incredible losses across the board. Considering tech companies had some of the highest multiples and valuations going into this COVID-19 crisis, they were some of the first to give it back.

Going into February, Tesla Inc. (NASDAQ: TSLA) was an absolute market darling. The stock had more than doubled in the span of less than six months. The stock has been halved since February 19, when markets peaked.

24/7 Wall St. has taken a look at some of the biggest winners of the bull market to see what their stocks have done today and since the markets peaked on February 19. We have included a recent trading history and what the current consensus analyst target is.

Apple Inc. (NASDAQ: AAPL) shares have pulled back about 21% from the market high on February 19, and the stock is down 5% year to date. Apple stock traded down over 8% at $254.28 on Monday, in a 52-week range of $170.27 to $327.85. The consensus price target is $330.41.

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Facebook Inc. (NASDAQ: FB) shares are down over 30% from the peak, and down 17% year to date. Facebook stock was last seen down about 11% at $151.07, in a 52-week range of $146.57 to $224.20. The consensus price target is $245.13.

Shares of Microsoft Corp. (NASDAQ: MSFT) were down 23.5% from mid-February, but actually up less than 1% year to date (excluding Monday’s move). Microsoft stock was down about 10% at $143.19. The 52-week range is $115.52 to $190.70, and the consensus price target is $193.58.

Alphabet Inc. (NASDAQ: GOOGL) is down 27.4% from the peak, and 9% lower since the beginning of 2020. Alphabet stock traded down about 9% at $1,106.06, in a 52-week range of $1,027.03 to $1,530.74. The consensus analyst target is $1,612.87.

Netflix Inc. (NASDAQ: NFLX) was down 20% from February 19 but up about 4% year to date. Netflix stock retreated 7% to $311.64, in a 52-week range of $252.28 to $393.52. The consensus price target is $365.03.

Amazon.com Inc. (NASDAQ: AMZN) was down 23% from the peak. The share price also is 3% lower year to date. Amazon stock traded 6% down to $1,677.00 on Monday, in a 52-week range of $1,626.03 to $2,185.95. The consensus price target is $2,400.96.

Tesla stock is down 53% from its all-time high in early February, and it is still up about 31% year to date, excluding Monday’s move. Shares of Tesla were down 17% at $453.20, within a 52-week range of $442.18 to $968.99. The consensus price target is $503.67.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.