BIDU - Wall Street Thinks These 3 Growth Stocks Can Rise by More Than 70% Within 2 Years
Many growth stocks have been struggling in recent weeks amid uncertainty related to COVID-19 and just how our economic recovery might look in the weeks ahead. Research and consulting company Ipsos confirms that there has been a "significant decline" in consumer confidence in the U.S. in August, and globally, there was a relatively minor 0.2 basis point improvement in its index from the previous month.
Those concerns are showing on the stock market, as there are more buying opportunities than there were just a few months ago when hopes were higher. But Wall Street analysts, who typically set stock price targets for the next 12 to 18 months, remain optimistic on the following three stocks: GrowGeneration (NASDAQ: GRWG) , Boston Beer Company (NYSE: SAM) , and Baidu (NASDAQ: BIDU) . Many analysts believe these stocks can rise by more than 70%, and it's hard to argue with those projections.
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Wall Street Thinks These 3 Growth Stocks Can Rise by More Than 70% Within 2 Years