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.

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Source Fool.com