2 Must-Own Stocks With 42% and 52% Upside, According to Wall Street
The recent market sell-off has been ugly for a few companies in particular. Despite making huge gains in market share and capabilities throughout 2020 and 2021, these stocks have been sold off as if they will never grow again. Even Wall Street analysts who have historically discounted growth stocks have huge upside projected for the two businesses I am talking about.
Shopify's (NYSE: SHOP) average price target is $1,029, representing 52% upside from the Feb. 25 price at market close, and MercadoLibre's (NASDAQ: MELI) is $1,583, representing 42% potential from market close on that day. Both companies are involved with e-commerce, which captured significant market share during the early part of the pandemic. Additionally, Shopify and MercadoLibre are down 63% and 53% from their all-time highs, respectively, as I write this. These stocks are primed for an incredible rise.
Image source: Getty Images.
Source Fool.com
