1 Growth Stock Down 55% to Buy Hand Over Fist for 2024
When you find growth stocks that have been hammered despite their long-term investing thesis still being firmly in place, it's time to jump right in. Although 2023 was a rebound year for growth stocks, some failed to join the recovery as industry-specific concerns clobbered their businesses. As a result, opportunities abound.
For example, growth hasn't come easy for (NYSE: ALB) in recent quarters as lithium prices crashed over the past year or so. Albemarle stock ended 2023 down 33% after plunging more than 50% at one point during the last quarter of the year. Thanks to last year's fall, the growth stock is now down nearly 55% from its all-time highs.
I believe the market's fears about Albemarle are overdone and it's time for investors to get greedy. With shares hovering at levels last seen in 2021, Albemarle is one growth stock you'd want to buy hand over fist now for 2024.
Source Fool.com
Albemarle Corp Stock
The stock is one of the favorites of our community with 25 Buy predictions and 3 Sell predictions.
As a result the target price of 178 € shows a positive potential of 49.55% compared to the current price of 119.02 € for Albemarle Corp.
