3 Supercharged Growth Stocks That Can Plunge 70% to 89% in 2024, According to Select Wall Street Analysts

Last year was a true running of the bulls on Wall Street. When the final closing bell tolled, the benchmark S 500 and growth-fueled Nasdaq Composite had respectively rallied 24% and 43%. Meanwhile, the ageless Dow Jones Industrial Average climbed to a fresh all-time high in 2023.

Since Wall Street's three major stock indexes tend to rise over extended periods, it's not a surprise that most institutional ratings and analyst calls are optimistic. According to data from FactSet Research Systems, 57.3% of more than 10,800 ratings of stocks in the S 500 were "buy" ratings, as of March 31, 2022. Another 37.1% were "hold" ratings, while just 5.6% were "sell" ratings.

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Source Fool.com