2 Monster Growth Stocks That Could Soar 200%, According to Wall Street
Growth stocks are having a terrible year amid the broader market sell-off caused by the Federal Reserve's hawkish nature. This led to a sharp increase in interest rates thanks to recent inflation reports.
The Fed hiked interest rates five times so far this year. September's report of an 8.2% increase in consumer prices over the prior-year period suggests the central bank will continue to raise rates to cool surging inflation. That's bad news for high-growth companies such as Advanced Micro Devices (NASDAQ: AMD) and Twilio (NYSE: TWLO), which were sold off brutally despite reporting outstanding growth in recent quarters.
However, Wall Street seems optimistic that these two growth stocks could soar big time in the coming year. Let's see why that may be the case.
Source Fool.com
