2 Growth Stocks Near Their 52-Week Lows to Buy Hand Over Fist, According to Wall Street
Many growth stocks are trading down sharply over the last 18 months. High inflation and outsized interest rates already precipitated an economic slowdown, and some investors sold growth stocks to hedge against a possible recession. As a result, PayPal (NASDAQ: PYPL) and Zscaler (NASDAQ: ZS) saw their share prices plunge 74% and 71% from all-time highs, respectively, and both stocks currently trade near 52-week lows.
Wall Street apparently sees that as a buying opportunity. The consensus among analysts is that PayPal and Zscaler stocks will both outperform the broader market over the next 12 to 18 months. In fact, PayPal has a median price target of $97 per share, which implies a 32% upside from its current share price. And Zscaler has a median price target of $150 per share, which implies 42% upside from its current share price.
Is it time to buy these two growth stocks trading near 52-week lows?
Source Fool.com
