3 Stocks Down 30% or More This Year That Wall Street Expects to Skyrocket in 2024
Many investors will likely be wearing big smiles as 2023 winds down. The S 500 is on track to deliver a gain of over 20% and could hit an all-time high. The Nasdaq-100 has soared more than 50% and continues to set new record highs.
But not every investor has a reason to be that happy. However, some of them could have brighter days ahead if analysts are right. Here are three stocks down 30% or more this year that Wall Street expects to skyrocket in 2024.
BioNTech (NASDAQ: BNTX) stock has fallen close to 32% this year. That's not surprising, considering that sales of Comirnaty, the COVID-19 vaccine the company co-markets with , have plunged. BioNTech's total revenue in the first nine months of 2023 was less than one-fifth of the level from the same period in the prior year.
Source Fool.com
Pfizer Inc. Stock
The stock is one of the favorites of our community with 29 Buy predictions and 4 Sell predictions.
As a result the target price of 40 € shows a very positive potential of 51.8% compared to the current price of 26.35 € for Pfizer Inc..
