Wall Street Predicts: 2 Growth Stocks to Skyrocket in 2023
Wall Street analysts are not infallible, and their opinions and predictions should be taken with a grain of salt. However, many of them do solid work in their stock research, and there is nothing wrong with taking a look as part of your own analysis.
On that note, analysts have issued very bullish notes on Cadence Design Systems (NASDAQ: CDNS), a provider of design tools for electronics and integrated circuits, and consumer experience expert NICE (NASDAQ: NICE). So let's dive into the Street's optimistic reviews and see whether they make sense to us ordinary stock pickers.
The analyst community is overwhelmingly positive on Cadence Design Systems, and only becoming more bullish over time. Three months ago, 10 analysts rated the stock a buy, while seven called it a hold. Now, the group of indifferent ratings is down to four, and the bullish grades expanded to 12, all according to FactSet data.
Source Fool.com
