PTON - Want a 101% to 130% Return? Try These Growth Stocks Says Wall Street
2023-03-28 06:10:00 ET
After coming off a miserable 2022 for the stock market, where the Nasdaq-100 technology index plunged by 33%, Wall Street analysts understandably entered this year with a cautious stance.
There are plenty of stocks that appear cheap based on traditional metrics because they've declined in value so much over the last 18 months, but very few have attracted hefty price targets pointing to triple-digit percentage gains by analysts.
Those opportunities do exist, though, and I'm going to share two of them. Here's why two Wall Street firms are betting Uber Technologies (NYSE: UBER) and Peloton Interactive (NASDAQ: PTON) could more than double over the next 12 months.
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Want a 101% to 130% Return? Try These Growth Stocks, Says Wall Street