D - 2 Magnificent Seven Stocks to Buy Before They Soar 78% and 80% According to Select Wall Street Analysts
2024-02-27 10:00:00 ET
Technology stocks experienced a robust recovery last year, and nowhere was that more apparent than with the so-called "Magnificent Seven" stocks. These household names were among the top gainers in the Nasdaq Composite in 2023, pulling the tech-heavy index out of its slump and generating gains of 43% last year. The storied index now sits less than 1% below a new all-time high, which will check the final box signaling the onset of a new bull market.
Here's how the collective performed in 2023:
Despite these market-beating performances, some market watchers believe there's more to come. In fact, a duo of Wall Street analysts suggest that two of these stocks still have upside potential of 78% and 80% over the coming year.
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2 "Magnificent Seven" Stocks to Buy Before They Soar 78% and 80%, According to Select Wall Street Analysts