3 Growth Stocks Expected to Skyrocket in 2024, According to Wall Street
In less than a week, Wall Street will turn the page on what's been a stellar year for optimists. The 30-component Dow Jones Industrial Average climbed to a record high, while the growth-driven Nasdaq Composite has surged 43% year to date, as of the closing bell on Dec. 22.
Though a lot of credit for this rally goes to the "Magnificent Seven," it was an overall strong year for growth stocks. The U.S. economy continuing to chug along, coupled with the prospect of the Federal Reserve reducing interest rates in 2024, has investors incredibly bullish on fast-paced companies as a whole.
But no two growth stocks are cut from the same cloth. Based on the consensus price targets of Wall Street analysts, three growth stocks are expected to skyrocket in 2024.
Source Fool.com
