LBPH - Forget the Magnificent Seven -- This Stock Has Nearly Quadrupled in 2024 and Wall Street Thinks It Can Go a Lot Higher
2024-01-17 05:51:00 ET
You've no doubt heard a lot about the "Magnificent Seven" stocks. Each stock in this group -- Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta Platforms , and Tesla -- delivered gains of 48% or more in 2023. Nvidia more than tripled, while Meta came close to doing so.
However, those performances pale in comparison to what one stock has done barely over two weeks into the new year. Forget the Magnificent Seven: Longboard Pharmaceuticals (NASDAQ: LBPH) has nearly quadrupled in 2024 -- and Wall Street thinks it can go a lot higher.
It's completely understandable if you've never heard of Longboard Pharmaceuticals. At the end of 2023, its market cap was only around $144 million. That's too small to be on the radar screens for most investors.
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Forget the "Magnificent Seven" -- This Stock Has Nearly Quadrupled in 2024, and Wall Street Thinks It Can Go a Lot Higher