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Tech and innovation remain the cornerstones of growth, and the Nasdaq-100 Index ($IUXX) serves as a hub for some of the most transformative companies. Despite recent market volatility driven by the Federal Open Market Committee's (FOMC) revised rate-cut projections for the upcoming year, opportunities abound within this elite index, particularly for stocks that have yet to fully capitalize on their potential.
And ASML Holding N.V. (ASML), Regeneron Pharmaceuticals, Inc. (REGN), and Microchip Technology Incorporated (MCHP) stand out as three such compelling opportunities. Despite trailing the broader market over the past year, market watchers remain optimistic about these three Nasdaq-100 names, with consensus price targets pointing to an impressive upside ranging from 25% to 53%. So, here’s a closer look at these three stocks.