2 Growth Stocks With 115% and 154% Upside in the Bear Market, According to Wall Street
Recession fears driven by rampant inflation and rising interest rates have led many investors to abandon the stock market. As a result, the S&P 500 has fallen 23% from its high, while the Nasdaq Composite has nosedived 31%. That puts both indexes in a bear market, but some Wall Street analysts see that as a buying opportunity.
Canaccord Genuity analyst Joseph Vafi has a price target of $150 per share on Block (NYSE: SQ), which implies 154% upside from its share price. Similarly, Wolfe Research analyst Andrew Rosivach has a price target of $183 per share on Walker & Dunlop (NYSE: WD), which implies 115% upside from its current share price.
Is it time to buy these stocks?
Source Fool.com
