Amazon.com, Inc. (AMZN), Apple Inc. (AAPL), And More Tech Stocks That Can Grow Further

Add it all up, and what do you have? A company whose customers are fiercely loyal, with products that have proven staying power and the cash to back the next bright innovation – or acquisition. Don’t be surprised if Apple Inc. (NASDAQ:AAPL) heads north of $500 per share into the summer months – a contention supported by the latest ratings from 28 different firms (from Barclays PLC (ADR) (NYSE:BCS) to JPMorgan Chase & Co. (NYSE:JPM) to UBS AG (USA) (NYSE:UBS)) – which issued strong buy recommendations at a rate outpacing Buy or Hold by a margin of better than three to one.

Netflix – Back to $300 by summer?

With an impressive leap of 32% after an equally impressive earnings report in recent days, are Netflix, Inc. (NASDAQ:NFLX) shares heading back to their all-time high this year?

That mark was achieved in July 2012 when the stock reached $300, and it’s certainly possible the company could see similar performance again. Considering that Netflix grew 17% in its last quarter (compared to the same period last year), I think the company is weathering the “me too” storm of competition it’s facing very well. From Google Inc (NASDAQ:GOOG) to Hulu Plus, there are some formidable players trying to unseat Netflix as the streaming video leader.

If many more join the fray, the space is going to get overcrowded soon – which might force a consolidation philosophy that could very well benefit Netflix, Inc. (NASDAQ:NFLX) as a prime acquisition target. Furthermore, Netflix is projecting that it will cross the 30-million subscriber mark this year, which will serve to cement its position as the market leader.

The bottom line: Netflix appears to be solidifying its customer base at a time when its primary competitors are still stretching to become more relevant. And if that trend continues, $300 per share in time for the next earnings report seems a very distinct possibility.

For all three of these companies, the future continues to look bright. From my perspective, investors who are looking to shore up their tech holdings can find themselves in a strong position with well-placed investments in Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL) and/or Netflix.

The article Three Tech Giants Poised for Further Growth originally appeared on Fool.com and is written by Naomi Warmate-Igwe.

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