1 Growth Stock Down 14% to Buy Right Now
Growth stocks are rarely available at a discount, and that's especially true after a strong stock market rally like the one that investors have seen in the past year. Yet while tech growth stocks have soared, Wall Street's enthusiasm hasn't carried over to less-popular industry niches like retailing and consumer staples.
Patient investors should consider taking advantage of that glaring oversight. Let's look at why you might want to put (NASDAQ: PEP) in your portfolio following its decline since last Spring.
The stock is down 14% since mid-May, even as the wider S 500 index jumped 20% higher. That shift has made PepsiCo cheaper by a few key valuation metrics.
Source Fool.com
PepsiCo Inc. Stock
€159.10
0.680%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 9.37% for PepsiCo Inc. compared to the current price of 159.1 €.
