Here's the Megacap Stock Wall Street Thinks Will Skyrocket the Most Over the Next 12 Months

Many of the biggest stocks on the market are delivering sizzling gains this year. Nvidia has soared more than 160%. Meta Platforms' shares have jumped nearly 120%. Apple, Alphabet, Amazon, and Microsoft are all up more than 35%. 

Many analysts aren't as excited about the huge stocks' near-term prospects. But there's another that they really like. Here's the megacap stock Wall Street thinks will skyrocket the most over the next 12 months.

Refinitiv recently surveyed 48 analysts who cover Chinese technology company Alibaba Group Holdings (NYSE: BABA). Twenty-nine of them recommend buying the stock. Another 18 analysts are even more bullish, rating Alibaba as a "strong buy." That leaves only one analyst who advises holding the stock. 

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Source Fool.com