It might seem too early to look ahead to the new year. However, many investors are no doubt already doing so after the dismal performance of the stock market in 2022.
Could better days be in store? Analysts think that will be the case for at least some previously high-flying stocks. Here are three growth stocks that could skyrocket 50% or more in 2023, according to Wall Street.
The consensus 12-month price target for MercadoLibre (NASDAQ: MELI) among analysts surveyed by Refinitiv reflects a 62% upside potential. Such a rebound would certainly be welcomed by investors. Shares of the Latin American e-commerce and fintech company have plunged more than 50% below their 52-week high.
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3 Growth Stocks That Could Skyrocket 50% or More in 2023, According to Wall Street