2 Best Nasdaq-100 Stocks to Buy Now
After a brutal sell-off for growth stocks last year, the growth-centric Nasdaq Composite has rebounded nearly 30% so far in 2023. While it's unclear if this is truly a new bull market forming, there are many top tech stocks that lag the broader market's return and could be fantastic buys right now.
(NASDAQ: PYPL) stock is trading down 6% year to date with a bargain price-to-earnings ratio of 13.5 based on 2023 earnings estimates. Another member of the Nasdaq-100 that sports a tempting valuation is Electronic Arts (NASDAQ: EA), a top video game producer whose stock is only up 2% this year and trades at a modest forward P/E of 18.6.
Both stocks change hands at a discount to the average P/E of the Nasdaq-100 (currently 23.7). These companies have better prospects than the market gives them credit for right now, which means long-term investors could score big returns from current share price levels once the market discovers its mistake.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 53 Buy predictions and 2 Sell predictions.
As a result the target price of 78 € shows a positive potential of 33.42% compared to the current price of 58.46 € for Paypal Holdings Inc.
