History Says the Nasdaq Will Surge in 2024: 1 Magnificent Growth Stock to Buy Hand Over Fist Before It Soars 547%, According to Cathie Wood's Ark Invest
There's no denying the challenges investors faced in 2022, but this year is coming to a close in stark contrast to its predecessor. After shedding 35% of its value last year, the Nasdaq Composite has come roaring back, soaring 42% through late December.
There's more good news. Going back to 1972 -- the first full year the Nasdaq traded -- in every year after a market recovery, the tech-heavy index has continued its upward trend, rising 19%, on average, which suggests that 2024 will be another good year for investors.
One of the hottest exchange-traded funds (ETFs) this year has been Cathie Wood's Ark Innovation fund, generating returns of 68%. One of Ark's most eye-catching calls is that Roku stock will reach $605 by 2026, representing upside of 547% compared to its recent closing price. The bull case is even more mind-boggling, suggesting the stock could soar to $1,493, representing gains of 1,496%.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 33 Buy predictions and 6 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 52.48% for Roku compared to the current price of 60.99 €.
