2 Rebounding Growth Stocks to Buy in 2023, According to Wall Street
Many growth stocks got hammered last year as investors turned bearish in response to runaway inflation and rising interest rates. But some of these beaten-down stocks are on the rebound this year. For instance, shares of Block (NYSE: SQ) and Atlassian (NASDAQ: TEAM) have climbed 15% and 14%, respectively, so far in 2023.
Better yet, analysts see more upside for both stocks in the coming months. In fact, according to The Wall Street Journal, Block carries an average price target of $91.31 per share, which implies a 27% upside from its current price. Meanwhile, Atlassian carries an average price target of $192 per share, which implies a 31% upside from its current price. Is it time to buy these growth stocks?
Here's what investors should know.
Source Fool.com
