2 Growth Stocks That Could Soar 167% and 202% From Their 52-Week Lows, According to Wall Street
Macroeconomic uncertainty has set the stock market on a downward trajectory. Tesla (NASDAQ: TSLA) and Sea Limited (NYSE: SE) have seen their share prices plunge 45% and 86%, respectively, and both stocks currently sit near a 52-week low. But certain Wall Street analysts see that as a buying opportunity.
Pierre Ferragu of New Street Research has a price target of $530 per share on Tesla, which implies 167% upside from its 52-week low of $198.59. Similarly, Alicia Yap of Citigroup has a price target of $129 per share on Sea Limited, which implies 202% upside from its 52-week low of $42.71.
Of course, investors should never lean too heavily on near-term price targets. The market is simply too volatile over short periods of time. But patient investors should still consider buying both of these growth stocks.
Source Fool.com
