2 Growth Stocks to Buy at a Discount
If you're looking for stocks on sale in the current market, despite the broader gains that major indices have clocked, many companies have responded in different ways. While a stock trading at a discount isn't in itself a reason to hit the buy button, great businesses are sometimes beaten down by investor sentiment and can present opportunities for the forward-thinking individual.
Here are two stocks trading at a discount to consider for your portfolio in the near future.
DexCom (NASDAQ: DXCM) shares took a tumble recently after the company reported second-quarter earnings and offered guidance that wasn't quite what investors were hoping for. The diabetes medical device stock is now down about 40% from the start of this year, and a good chunk of that tumble has happened in the last few weeks. As always, though, a closer look at the numbers and what they actually mean is essential.
Source Fool.com
Dexcom Inc. Stock
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 122 € there is a hugely positive potential of 80.15% for Dexcom Inc. compared to the current price of 67.72 €.
