2 Top Growth Stocks That Could Soar 113% to 157% From Their 52-Week Lows, According to Wall Street
Recession fears caused a stock market meltdown in 2022, and the technology sector was hit especially hard. Notably, shares of DigitalOcean Holdings (NYSE: DOCN) and Zscaler (NASDAQ: ZS) have plunged 82% and 72%, respectively, leaving both stocks near a 52-week low. But some Wall Street analysts believe that meltdown has created a tremendous buying opportunity.
Wamsi Mohan of Bank of America has a price target of $60 per share on DigitalOcean, which implies 157% upside from its 52-week low. Similarly, Trevor Walsh of JMP Securities has a price target of $225 per share on Zscaler, which implies 113% upside from its 52-week low.
Is it time to buy these growth stocks?
Source Fool.com
