2 Stocks That Could Soar 38% to 42% In 2023, According to Wall Street
Whether you're a brand new investor or have seen your fair share of market ups and downs, there's no denying that stock market events of the past months have tested even the most seasoned traders. While it's important to regularly evaluate your portfolio's balance to ensure your investment theses remain intact and the composition of your holdings aligns with your current risk tolerance, a down market doesn't mean you need to avoid investing or rush to sell off your stocks.
Assuming the thesis for companies you own or follow is still there, discounted share prices can present an incredible opportunity to buy more companies you love at record-cheap prices. On that note, let's take a look at two stocks that some analysts on Wall Street have high hopes for in the next year, but which have durable underlying businesses that can drive portfolio growth for years to come.
Several analysts estimate that Etsy (NASDAQ: ETSY) could realize a 12-month upside of about 38%. The stock is trading up by nearly 20% from the start of the year.
Source Fool.com
