Wall Street Says the S&P 500 Is Headed Higher in 2024: 2 No-Brainer Growth Stocks to Buy Now With $200 and Hold Long Term
Wall Street analysts have thousands of active price targets on companies across the S 500 (SNPINDEX: ^GSPC), but those estimates can be aggregated into a single number. That bottom-up methodology gives the index a 12-month target level of 5,059, implying 10% upside from its current level.
In short, Wall Street says the S 500 is headed higher in 2024. But even if those gains fail to materialize, patient investors who buy good stocks at reasonable prices have historically been well rewarded. (NASDAQ: GOOGL) (NASDAQ: GOOG) and Paycom Software (NYSE: PAYC) satisfy those conditions.
Both companies have clearly defined growth opportunities that make their current valuations look reasonable. And at less than $200 per share, the stocks are also relatively affordable. That makes Alphabet and Paycom no-brainer buys.
Source Fool.com
Alphabet Inc. A Stock
With 95 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 179 € there is a positive potential of 20.85% for Alphabet Inc. A compared to the current price of 148.12 €.
