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U.S. IT Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies111
  • 7D-1.5%
  • 3M-17.0%
  • 1Y-2.1%
  • YTD-19.1%

Over the last 7 days, the IT industry has dropped 1.5%, and Shopify contributed the most with a 2.5% decline. In contrast, Akamai Technologies has gained 7.1%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026US$832.9bUS$261.4bUS$21.7b20.8x38.3x3.2x
Sun, 29 Mar 2026US$814.8bUS$259.6bUS$21.6b19.3x37.8x3.1x
Tue, 24 Feb 2026US$882.9bUS$256.7bUS$21.7b19.7x40.8x3.4x
Thu, 22 Jan 2026US$1.0tUS$252.7bUS$19.8b27.6x51x4x
Sat, 20 Dec 2025US$1.1tUS$282.7bUS$20.9b29.8x52.1x3.9x
Mon, 17 Nov 2025US$1.0tUS$281.6bUS$20.8b26.8x50.4x3.7x
Wed, 15 Oct 2025US$1.1tUS$282.5bUS$20.0b32.2x54.1x3.8x
Fri, 12 Sep 2025US$995.3bUS$250.9bUS$19.3b29.4x51.5x4x
Sun, 10 Aug 2025US$958.2bUS$249.4bUS$19.5b28.8x49.2x3.8x
Tue, 08 Jul 2025US$1.0tUS$241.7bUS$17.4b29.3x59.3x4.3x
Thu, 05 Jun 2025US$972.0bUS$240.4bUS$17.0b28.9x57x4x
Sat, 03 May 2025US$839.4bUS$238.4bUS$17.0b36.3x49.3x3.5x
Mon, 31 Mar 2025US$864.9bUS$242.4bUS$18.4b35.6x46.9x3.6x
Wed, 26 Feb 2025US$969.7bUS$239.7bUS$18.2b40.1x53.4x4x
Fri, 24 Jan 2025US$886.4bUS$234.1bUS$16.3b42.6x54.3x3.8x
Sun, 22 Dec 2024US$880.0bUS$234.7bUS$16.7b40.9x52.7x3.7x
Tue, 19 Nov 2024US$827.1bUS$232.8bUS$16.3b42.4x50.6x3.6x
Thu, 17 Oct 2024US$827.4bUS$232.8bUS$17.8b46.3x46.5x3.6x
Sat, 14 Sep 2024US$767.7bUS$233.3bUS$17.5b35.5x43.8x3.3x
Mon, 12 Aug 2024US$721.4bUS$232.7bUS$17.5b28.5x41.2x3.1x
Wed, 10 Jul 2024US$719.3bUS$236.9bUS$17.2b26.9x41.9x3x
Fri, 07 Jun 2024US$680.3bUS$237.2bUS$17.3b27.3x39.4x2.9x
Sun, 05 May 2024US$728.7bUS$236.9bUS$16.0b23.7x45.4x3.1x
Tue, 02 Apr 2024US$783.3bUS$227.7bUS$13.8b24.4x56.6x3.4x
Thu, 29 Feb 2024US$828.9bUS$227.4bUS$14.2b21.6x58.5x3.6x
Sat, 27 Jan 2024US$836.7bUS$230.1bUS$13.4b23.3x62.6x3.6x
Mon, 25 Dec 2023US$791.8bUS$229.5bUS$12.8b20.8x61.8x3.4x
Wed, 22 Nov 2023US$722.2bUS$228.5bUS$12.7b21x56.9x3.2x
Fri, 20 Oct 2023US$650.2bUS$227.2bUS$6.5b19.3x100.5x2.9x
Sun, 17 Sep 2023US$689.0bUS$226.6bUS$6.8b23.7x101.5x3x
Tue, 15 Aug 2023US$669.0bUS$226.3bUS$6.7b22.8x100.1x3x
Thu, 13 Jul 2023US$685.2bUS$228.7bUS$6.1b24.9x112.5x3x
Sat, 10 Jun 2023US$668.6bUS$228.2bUS$5.9b23.1x113x2.9x
Mon, 08 May 2023US$604.1bUS$232.7bUS$5.8b23.4x103.3x2.6x
Price to Earnings Ratio

103.3x


Total Market Cap: US$604.1bTotal Earnings: US$5.8bTotal Revenue: US$232.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 60x202420252026
Current Industry PE
  • Investors are pessimistic on the American IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.3x which is lower than its 3-year average PE of 60.0x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 55% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.59%
Tech-0.62%
IT-1.52%
IT Consulting-0.32%
Data Processing Services-0.70%
Internet Services and Infrastructure-2.53%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 14.3%, which is lower than the prior year's growth of 19.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AKAM Akamai TechnologiesUS$102.987.1%
+US$1.0b		27.0%PE33.5x
TWLO TwilioUS$148.064.6%
+US$980.3m		51.3%PE663x
ACN AccentureUS$178.710.2%
+US$264.0m		-40.5%PE14.3x
GDDY GoDaddyUS$86.792.4%
+US$212.3m		-54.9%PE13.2x
WIX Wix.comUS$74.693.8%
+US$158.6m		-55.5%PE86x

Latest News

TWLO
US$148.06
Twilio
7D
4.6%
1Y
51.3%

Twilio: AI Deals Are Changing This Company's Growth Trajectory

May 01
VRSN
US$268.66
VeriSign
7D
-3.0%
1Y
-3.9%
CTSH
US$52.90
Cognizant Technology Solutions
7D
-4.0%
1Y
-29.7%
CRWV
US$111.60
CoreWeave
7D
-5.0%
1Y
151.8%
WIX
US$74.69
Wix.com
7D
3.8%
1Y
-55.5%

WIX: AI Traffic Headwinds Will Set Up Longer Term Monetization Upside

Wix.com's updated analyst price target moves slightly lower, with fair value now at $117.35 versus $120.55, as analysts recalibrate models following a broad wave of target cuts and several downgrades that highlight questions around AI related traffic risks, margin visibility, and the investment ramp tied to Base44 and Wix Harmony. Analyst Commentary Recent research on Wix.com shows a wide range of opinions, with several firms trimming price targets or downgrading ratings while still pointing to growth initiatives like Base44 and Wix Harmony as important drivers to watch.
EFOR
US$21.10
Everforth
7D
8.0%
1Y
-58.4%
SHOP
US$121.13
Shopify
7D
-2.5%
1Y
24.9%

SHOP: AI Disintermediation Fears And Sector Multiple Compression Will Pressure Returns

Analysts maintained Shopify’s fair value estimate at $110.00 and made modest adjustments to underlying assumptions, citing a mix of reduced price targets from several brokers and renewed support from others who emphasize Shopify’s role as core e-commerce infrastructure and its potential in agentic commerce and AI-powered tools. Analyst Commentary The latest round of research on Shopify reflects a split view, with some firms trimming price targets and others lifting ratings or setting higher targets.
MDB
US$250.83
MongoDB
7D
-2.8%
1Y
45.7%

MongoDB: Strong Platform, Uncertain Inflection, Watching The Transition

Apr 29
AKAM
US$102.98
Akamai Technologies
7D
7.1%
1Y
27.0%

AKAM: Heavy AI Capex And Margin Pressure Will Limit Future Share Upside

Analysts have nudged their average price target on Akamai Technologies higher by about $1, reflecting modestly stronger assumptions for revenue growth, profit margins, and the future P/E multiple after a series of updated research reports that highlight ongoing traction in compute and security, along with higher planned investment. Analyst Commentary Recent research on Akamai reflects a mixed tone, with many firms lifting price targets while also flagging higher spending needs and the trade off between growth initiatives and profitability.
GDDY
US$86.79
GoDaddy
7D
2.4%
1Y
-54.9%

GDDY: AI Headwinds To Domains And Web Tools Will Pressure Expectations

Narrative Update GoDaddy's updated analyst price target is $77, with the reset shaped by analysts weighing softer near term bookings guidance, competitive and AI related risks in domains, and mixed 2026 revenue versus margin expectations against the potential of newer AI driven offerings and ongoing efficiency efforts. Analyst Commentary Recent Street research on GoDaddy points to a reset in expectations, with a series of lower price targets clustered around the latest Q4 print and 2026 outlook.
KC
US$15.07
Kingsoft Cloud Holdings
7D
-11.0%
1Y
7.9%
KD
US$13.82
Kyndryl Holdings
7D
3.0%
1Y
-57.3%

Kyndryl Holdings Q4 Preview: A Lot Of Work To Restore Investor Confidence

Apr 28
APLD
US$34.25
Applied Digital
7D
-5.8%
1Y
557.4%
ACN
US$178.71
Accenture
7D
0.2%
1Y
-40.5%

ACN: Enterprise AI Partnerships And Agent Adoption Will Drive Next Modernization Wave

Accenture's updated analyst price target edges slightly lower to about $250, as analysts balance recent target cuts tied to softer bookings, cautious macro commentary, and AI adoption uncertainty with some more constructive views following what several described as another solid quarter. Analyst Commentary Recent research updates show a split tape on Accenture, with most firms trimming price targets but framing the latest quarter as solid and the long term AI story as intact, if slower to play through than some previously expected.
SNOW
US$136.47
Snowflake
7D
-6.8%
1Y
-17.5%
BBAI
US$3.98
BigBear.ai Holdings
7D
6.7%
1Y
19.2%