Want 156% to 165% Returns? 2 Growth Stocks to Buy, According to Wall Street
Last year, low interest rates and the reopening of economies around the world supercharged the stock market, and the S&P 500 climbed 26.9%. That marks the popular index's fifth-best performance over the past three decades. And while investors now face headwinds related to rampant inflation and rising bond yields -- both of which make growth stocks less attractive -- certain Wall Street analysts still see significant upside in growth stocks.
For instance, Matthew Carletti of JMP Securities has a price target of $95 on Lemonade (NYSE: LMND), implying 156% upside from its current price. And Naved Khan of Truist Securities has a price target of $88 on Redfin (NASDAQ: RDFN), implying 166% upside from its current price. Of course, those figures only represent one person's opinion -- but given the potential gains at stake, it's worth taking a closer look at both companies.
Here's what you should know.
Source Fool.com
