PAYC - 2 Growth Stocks Down 45% and 73% to Buy on the Dip According to Wall Street
2024-07-16 05:12:00 ET
The S&P 500 (SNPINDEX: ^GSPC) climbed 14% through June, its fifth-best first half in the last quarter century. Four stocks -- Nvidia , Microsoft , Alphabet , and Amazon -- contributed more than half of those gains, while many others lagged the market. But Wall Street sees buying opportunities among the underperformers.
For instance, shares of Zscaler (NASDAQ: ZS) and Paycom Software (NYSE: PAYC) are down 9% and 28%, respectively, year to date. They have also tumbled 45% and 73%, respectively, from their record highs.
However, Zscaler has a median price target of $224 per share, which implies 11% upside from its current price of $202 per share. And Paycom has a median price target of $172 per share, which implies 16% upside from its current price of $148 per share.
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2 Growth Stocks Down 45% and 73% to Buy on the Dip, According to Wall Street