ULTA - MercadoLibre Stock and Ulta Beauty Stock Both Have More Than 20% Upside Ahead According to Select Analysts on Wall Street
2024-06-25 06:23:00 ET
It might not sound like much, but 20% upside is a big deal. When Wall Street analysts set price targets for stocks, they're thinking about a roughly one-year time frame. For perspective, the S&P 500 goes up about 10% per year on average.
If your $10,000 investment grows at a 10% compound annual growth rate (CAGR), you'll have over $16,000 in five years. But if your investment grows at a 20% rate, you'll have nearly $25,000 -- that's a huge difference.
And on that note, Latin America's MercadoLibre (NASDAQ: MELI) and cosmetics chain Ulta Beauty (NASDAQ: ULTA) are two stocks with greater than 20% upside ahead, according to select Wall Street analysts. Here's what investors should know.
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MercadoLibre Stock and Ulta Beauty Stock Both Have More Than 20% Upside Ahead, According to Select Analysts on Wall Street