2 Growth Stocks Down 67% and 91% That are Excellent Buys for December
Spurred by market-moving trends, including the rise of artificial intelligence (AI), 2023 has been a great year for growth stocks. Explosive gains for companies including Nvidia, , and Apple helped to push the S 500 index up roughly 24% across this year's trading. Meanwhile, the even more growth-oriented Nasdaq Composite index has surged 43% across the stretch.
Of course, the explosive gains for growth stocks this year also have to be viewed in the context of big sell-offs that took place in 2022. And while some large tech companies have come roaring back to reach new valuation highs this year, the market-shaping recovery has been unevenly distributed. Some fantastic companies with explosive potential still trade at big discounts compared to previous highs, and investors still have plenty of opportunities to capitalize.
If you're looking for top growth stocks still trading at levels that leave room for explosive returns, read on to see why two Motley Fool contributors believe you should buy these stocks before 2023 falls off the calendar.
Source Fool.com
Microsoft Corp. Stock
With 111 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 425 € shows a slightly positive potential of 13.55% compared to the current price of 374.3 € for Microsoft Corp..
