3 Ultra-Popular Stocks That Can Plunge 88% to 100%, According to Wall Street
Over the long run, Wall Street is a proven wealth creator.
According to data compiled by Crestmont Research, if an investor were to have, hypothetically, purchased an S&P 500 tracking index at any point since the beginning of 1900 and held that position for 20 years, they would have generated a positive total return, including dividends paid, without fail. It's why most Wall Street analysts take a generally optimistic view when setting price targets on shares of the companies they follow.
But just because the major stock market indexes tend to increase in value over time, it doesn't mean all stocks are going to be winners. According to the price targets set by a select few Wall Street analysts, three of the most-popular and widely held stocks could see anywhere from 88% to 100% of their value wiped away in the not-too-distant future.
Source Fool.com
