What occurredThe tech-heavy Nasdaq stock index tumbled in early searching for for for and selling Wednesday, earlier to reversing and eking out a small “win” to finish the day. Thursday, nonetheless, it seems tech stocks can haven’t any such luck. The Nasdaq is already down an infinite 3.3% in 10:45 a.m. EDT searching for for for and selling, and a few categorical specific specific specific particular particular person tech stocks are doing fairly a bit worse than that:E-signature company DocuSign (NASDAQ:DOCU) is down 14.4%.Workplace messaging specialist Slack Utilized sciences (NYSE:WORK) is down 8.5percentLevel-of-sale funds facilitator Sq. (NYSE:SQ) is down 7.3%.Picture present: Getty Footage.So whatNone of those three firms joined contained contained contained in the Nasdaq’s afternoon rebound yesterday, by top-of-the-line methods, they usually furthermore’re falling farther than the recurrently tech stock related this second as appropriately. What’s actually fairly about this, although, is that for all three of those stocks, the newest data we’ve seen has been of the good completely completely totally different.Merely yesterday as an illustration, funding bank Baird talked about it was feeling fairly optimistic about Slack stock, and reiterated its outperform ranking and $37 price goal heading into earnings. Regardless of nervousness completely completely utterly completely completely completely completely totally different shareholders may be feeling about Slack, Baird wouldn’t share the problems. Equally, Wednesday seen analysts at Oppenheimer improve their price goal on DocuSign stock by 50%, to $300 a share. As with Baird and Slack, Oppenheimer talked about it was feeling good heading into DocuSign’s second-quarter earnings report, and even thinks retailers ought to take note of the e-signature company a “core funding holding,” critiques TheFly.com.On Sq., you possibly can look a bit farther as shortly as further for excellent news, nonetheless merely remaining week, Mizuho Bank initiated security of the cardboard price facilitator with a purchase order order order order order order order order ranking and a $225 price goal — predicting that Sq.’s Money App unit will double its prospects by way of 2023, and quadruple its earnings.Now whatConstructive analyst ideas like Mizuho’s, Oppenheimer’s, and Baird’s are the lifeblood of fast-growing tech stocks like Sq., DocuSign, and Slack, serving to the businesses to care for up up P/E valuations that would appear insane for varied every completely utterly completely completely completely completely totally different kind of stock obtainable obtainable accessible accessible within the market contained accessible obtainable available in the market — 278 circumstances anticipated ahead earnings for Sq., 454 for DocuSign, and infinity for the nonetheless unprofitable Slack.Nonetheless earnings progress alone can’t justify valuations rising eternally if earnings shield low. With out stronger earnings to supply further merely justifiable valuations, it appears even optimistic analyst commentary may not be ample to care for up up these stock costs rising.Lastly, gravity will reassert itself — presumably even related this second.