3 Cathie Wood Stocks Expected to Rise 245% to 980% Over the Next Few Years
Admittedly, some of the more audacious analyst predictions can sound too good to be true. Relatively few stocks grow at triple-digit rates over a medium- or long-term time horizon, and such growth far exceeds the S 500's average annual return of around 10% per year.
However, before dismissing predictions involving the stocks picked by Cathie Wood and her team at Ark Invest, investors should keep its track record in mind.
Ark Invest first bought Bitcoin below $250 per coin and Tesla (NASDAQ: TSLA) when it typically sold for a split-adjusted price of approximately $13 per share. That history may justify taking the more daring analyst predictions seriously with Tesla, as well as Wood investments like Coinbase Global (NASDAQ: COIN) and Roku (NASDAQ: ROKU).
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 248 € shows a very positive potential of 57.72% compared to the current price of 157.24 € for Tesla Inc.
