3 Stocks With Incredible Growth Potential to Buy for 2024
2023 has been a great year for stocks. The S 500 has gained around 24%, fueled in part by the artificial intelligence (AI) boom that has sent some tech stocks flying. The so-called Magnificent Seven, a group of megacap stocks, have led the way this year.
What works in any individual year is tough to predict, but investors can succeed in the long run by buying shares of high-quality companies with solid growth potential trading at reasonable prices. Looking ahead to 2024, chip giant (NASDAQ: INTC), programmatic advertising platform PubMatic (NASDAQ: PUBM), and grocery chain Sprouts Farmers Market (NASDAQ: SFM) look like promising stocks with incredible growth opportunities.
Intel has had a tough couple of years. Demand for PCs cratered following a pandemic-era boom, and the company has been losing share in the server CPU market to rival AMD. Comebacks in both markets are starting to take shape. Intel launched its AI-powered Meteor Lake laptop CPUs earlier this month, along with a new family of capable server chips.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 30.58% compared to the current price of 29.1 € for Intel Corp..
