3 Cheap Stocks Wall Street Analysts Think Can Soar by at Least 48%
Wall Street's price targets aren't a surefire guarantee that a stock is going to reach a certain level. Things can change, and so can price targets. They also only typically look at where a stock might go in the next 12 months; they are by no means long-term indications of where a stock could end up in the long haul.
But price targets can be helpful in uncovering stocks that might have a lot of potential to rise higher. Three stocks that have a lot of upside (according to analysts) and are trading at low valuations today are Baidu (NASDAQ: BIDU), United Airlines (NASDAQ: UAL), and Enbridge (NYSE: ENB). Here's a look at why these stocks could be good buys right now.
Chinese tech stock Baidu has been a poor performer over the years. It has fallen more than 20% in five years, and investors still aren't all that bullish. Not only are there concerns about the Chinese government's involvement with the business, but now there are also worries that the nation's economy could be slowing down.
Source Fool.com
Baidu Inc. A ADR Stock
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
As a result the target price of 159 € shows a very positive potential of 97.03% compared to the current price of 80.7 € for Baidu Inc. A ADR.
