SNOW - 2 Growth Stocks to Buy Before They Soar 78% and 90% According to Certain Wall Street Analysts
2024-02-10 05:15:00 ET
The S&P 500 increased 24% last year, and it has already advanced another 4% this year. Given all that growth, some stocks are likely trading at expensive valuations. But not all stocks. For instance, Wall Street analysts at Morgan Stanley and Jefferies Financial Group see sizeable buying opportunities in Snowflake (NYSE: SNOW) and Sea Limited (NYSE: SE) .
Keith Weiss at Morgan Stanley has a bull-case price target of $380 per share on Snowflake, implying a 78% upside from its current price. And Thomas Chong at Jefferies has a price target of $80 per share on Sea Limited, implying 90% upside from its current price.
Investors should never rely too heavily on short-term forecasts, especially when those forecasts are coming from individual analysts. But Snowflake and Sea Limited warrant consideration. Let's take a closer look at these two growth stocks.
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2 Growth Stocks to Buy Before They Soar 78% and 90%, According to Certain Wall Street Analysts