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.

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Source Fool.com