2 Magnificent Growth Stocks That Could Soar 688% to 924%, According to Wall Street
Ark Invest CEO Cathie Wood has earned a reputation for bold predictions. Her asset management firm became a Wall Street sensation during the early days of the pandemic as the Ark Innovation ETF delivered triple-digit returns in 2020. Unfortunately, those gains have since evaporated, but Wood hasn't budged from her medium-term price targets on Tesla (NASDAQ: TSLA) and Roku (NASDAQ: ROKU), both of which rank among the top three holdings in the Ark Innovation ETF.
Specifically, Ark estimates Tesla will trade at a split-adjusted $1,533 per share by 2026, which implies 688% upside from its current share price. And it estimates Roku will trade at $605 per share by 2026, which implies 924% upside from its current share price.
Are those forecasts realistic?
Source Fool.com
