5 Stocks Wall Street Thinks Could Soar
While it's never a good idea to slavishly follow analyst price targets (which often get revised downward after the share price falls), these projections can be a marker for finding value among stocks you might be interested in.
These Wall Street analyst consensus price targets can help designate stocks that are trading at a significant discount. Using them as a jumping-off point for further analysis can be beneficial. With that in mind, here's a quick look at five prime stock candidates.
The life sciences and diagnostics company Danaher (NYSE: DHR) trades at a 12% discount to the consensus price target. Analysts like the stock because the company is demonstrating it can grow strongly even after its COVID-19-related revenue subsides. Its earnings received a boost from the pandemic because its diagnostic tests are used to detect the virus, while its life sciences tools are used to research and develop vaccines and therapies.
Source Fool.com
