DCBO - The Bull Market Is Official: 2 Magnificent Growth Stocks to Buy Before They Soar 75% and 150% According to Certain Wall Street Analysts
2024-02-23 04:50:00 ET
The S&P 500 reached a record high in January 2024 for the first time since January 2022, signaling the onset of a new bull market. That bull market actually started when the index reached its bear market low in October 2022. It has since advanced 40%, but history shows plenty of upside left. The S&P 500 returned an average of 169% during past bull markets.
With that in mind, Morgan Stanley analyst Benjamin Swinburne has set a bull-case price target of $125 per share on Roku (NASDAQ: ROKU) . That implies 75% upside in the next year. Similarly, Josh Baer at Morgan Stanley has set a bull-case price target of $115 per share on Docebo (NASDAQ: DCBO) . That implies 150% upside in the next year.
Investors should never anchor to price targets, but Roku and Docebo still warrant a closer look.
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The Bull Market Is Official: 2 Magnificent Growth Stocks to Buy Before They Soar 75% and 150%, According to Certain Wall Street Analysts