Wall Street Thinks These 3 Stocks Are Hidden Gems That Could Soar 43% to 59% Over the Next 12 Months
From Nasdaq:
1. SLB, also known as Schlumberger, is a technology company serving the oil and gas industry. The stock’s value has fallen more than 15% in the last 12 months, making it attractively cheap with a forward earnings multiple below 13.5x. Wall Street predicts a potential upside of 43% due to strong growth prospects.
2. Alibaba Group Holding has seen a significant 30% drop in its stock value over the last year due to concerns about the Chinese economy. However, 48 analysts surveyed rated the stock as a buy or strong buy, expecting a potential upside of nearly 56%. Alibaba approved a $25 billion increase to its stock buyback program.
3. Royalty Pharma has been a loser for investors over the last 12 months with a more than 20% fall in stock value. However, Wall Street expects an upside potential of nearly 59% and all surveyed analysts rate the stock as a buy or strong buy. Royalty Pharma’s management remains optimistic with plans for double-digit growth. The Motley Fool’s Stock Advisor service recommended other stocks.
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