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.

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Source Fool.com