2 Ridiculously Cheap Growth Stocks to Buy Hand Over Fist in 2024
Given the market volatility of the past few years, it's nice to see that growth stocks are roaring back and looking red hot in 2023 and 2024. Huge gains for companies including Nvidia, Microsoft, and Apple have helped push the S 500 index up approximately 20% over the last 12 months. Meanwhile, the even more technology-heavy Nasdaq Composite index is up roughly 32% across the stretch.
As impressive as the recovery for companies with growth-oriented valuations has been, there are still stocks in today's bull market that look quite cheap, especially when evaluated based on their earnings performance and long-term expansion potential. If you're looking for attractively valued growth plays to load up on in 2024, read on to see why two Motley Fool contributors identified (NASDAQ: GOOGL)(NASDAQ: GOOG) and StoneCo (NASDAQ: STNE) as top buys at today's prices.
Parkev Tatevosian: Alphabet, the parent company of Google and YouTube, has stock trading at a relatively cheap valuation considering the lucrative businesses it operates. The company makes its money primarily from advertising. Marketers are attracted to the wide reach of its ad-supported products and its ability to target specific types of customers.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 13.26% compared to the current price of 157.16 € for Alphabet Inc. A.
