The S&P 500 is down about 20% this year, erasing about $8.2 trillion in wealth. And more than half of investors expect the stock market to continue falling in the next six months, according to a survey from the American Association of Individual Investors. Despite the widespread bearish sentiment, some Wall Street analysts still see opportunities for triple-digit returns in the next year.

For instance, Jason Bazinet of Citigroup has a 12-month price target of $125 per share on Roku (NASDAQ: ROKU), which implies 148% upside from its current price. Similarly, Michael Ng of Goldman Sachs currently has a 12-month target of $134 on Block (NYSE: SQ), which suggests 139% upside. If those forecasts come to fruition, shareholders would more than double their money before the end of 2023.

Is that likely to happen? Let's take a closer look at these two growth stocks and try to find an answer.

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Source Fool.com