2024-03-16 05:45:00 ET
The U.S. stock market has sailed higher over the past year, but Wall Street still sees buying opportunities. JPMorgan analyst Cory Carpenter has given Roku (NASDAQ: ROKU) a target of $100 per share, implying a 56% upside from its current price. Morgan Stanley analyst Keith Weiss has set a bull-case target of $485 per share for Salesforce (NYSE: CRM) , implying a 60% upside from its current price.
Investors should always view price targets with skepticism, especially when they come from individual analysts. But Roku and Salesforce warrant further consideration. They have strong positions in their respective markets, and both stocks trade at reasonable valuations compared to future growth prospects.
Here's what investors should know.
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2 Growth Stocks to Buy Before They Soar 56% and 60%, According to Certain Wall Street Analysts