3 Growth Stocks That Can Soar 50%, According to Wall Street
Analysts' price targets can help investors get an idea of whether there's a lot of bullishness surrounding a stock. But in some cases, a high upside can simply be due to elevated price targets that are in need of a trim due to changing economic conditions or company-specific developments.
Three stocks that could rise by at least 50%, according to Wall Street estimates, include medical equipment maker ResMed (NYSE: RMD), media giant Warner Bros. Discovery (NASDAQ: WBD), and payment service PayPal (NASDAQ: PYPL). Let's see how realistic these predictions really look.
The consensus analyst price target for medical device maker ResMed is just under $262. If it reaches that valuation, then the stock will have risen by close to 58% from where it is right now. That's even as some analysts have been lowering their price targets for the stock in August.
Source Fool.com
Resmed Inc. Stock
Resmed Inc. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
As a result the target price of 198 € shows a slightly positive potential of 9.03% compared to the current price of 181.6 € for Resmed Inc..
