Tech stocks to oscillate as smaller names play catch-up
This year is shaping up to be another big one for the local tech sector, but the prices of the biggest stocks are tipped to swing.
While 2020 was a coming of age tale for the technology sector globally on the back of the COVID-19 pandemic, analysts are tipping 2021 as the year when the values of lesser-known, lower-priced tech stocks play catch-up.
After plunging in the market sell-off in March, most of the established ASX-listed tech companies ended 2020 on par or ahead of where they began the year. Star performers outside of the buy now, pay later fintechs included the Xero, NEXTDC, Macquarie Telecom, Whispir and Dicker Data.
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