3 Growth Stocks Wall Street Analysts Think Are Overpriced
Many growth stocks have been flying high over the past year, thanks in large part to the growing excitement around artificial intelligence, crypto, and tech in general. But that means prices are high and buying stocks near or at their peaks could mean investors have to wait a long time to earn a good return -- or worse, they could incur significant losses.
According to Wall Street analysts, three stocks that look overpriced today include Palantir Technologies (NYSE: PLTR), Marathon Digital (NASDAQ: MARA), and Carvana (NYSE: CVNA). Here's a look at how much analysts believe they could fall and why they should be avoided right now.
Source Fool.com
Carvana Co. Stock
€122.30
8.430%
Based on 7 Buy predictions and 6 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 41 € is below the current price of 122.3 € for Carvana Co., so the potential is actually -66.48%.
