1 Growth Stock Down 14% to Buy Right Now
Growth stocks are rarely available at a discount, and that's especially true after a strong stock market rally like the one that investors have seen in the past year. Yet while tech growth stocks have soared, Wall Street's enthusiasm hasn't carried over to less-popular industry niches like retailing and consumer staples.
Patient investors should consider taking advantage of that glaring oversight. Let's look at why you might want to put (NASDAQ: PEP) in your portfolio following its decline since last Spring.
The stock is down 14% since mid-May, even as the wider S 500 index jumped 20% higher. That shift has made PepsiCo cheaper by a few key valuation metrics.
Source Fool.com
PepsiCo Inc. Stock
€165.52
0.350%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on PepsiCo Inc..
As a result the target price of 176 € shows a slightly positive potential of 6.33% compared to the current price of 165.52 € for PepsiCo Inc..
