JD - 3 Struggling Stocks That Can Rise Between 83% and 264% According to Wall Street
2024-01-26 06:10:00 ET
Analysts' price targets can give investors an idea of how much potential there is for a stock to rally. They can also be a reminder of just how quickly price targets can get outdated, even though they are meant to project how a stock might perform over the next 12 to 18 months.
A rapidly falling stock can appear to be a huge bargain if its price target remains unchanged. If the company's metrics have deteriorated, the unchanged price target can create a false impression about how promising an investment is.
Three stocks that appear to have impressive upsides today according to Wall Street are ChargePoint (NYSE: CHPT) , Medical Properties Trust (NYSE: MPW) , and JD.com (NASDAQ: JD) . Let's look at the reported potential upside and then determine if they are truly great buys right now or if they might instead be due for some downgrades.
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3 Struggling Stocks That Can Rise Between 83% and 264%, According to Wall Street