Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood has some ground to make up this year. The Ark Invest co-founder, CEO, and investor finds her most popular exchange-traded fund in the red in 2024, a bad look in a rising market. After trouncing the market last year, can she get back on track? She is not going to be standing still.
Wood kicked off this fresh trading week by adding to some of her existing positions and pruning some of her other stakes. She added to her Toast (NYSE: TOST), Meta Platforms (NASDAQ: META), and SoFi Technologies (NASDAQ: SOFI) shares on Monday. Let's take a closer look at these three purchases.
Cathie Wood has a knack for buying some of her favorite stocks on dips, but this time she ordered a side of Toast when it was sunny side up. Shares of the company behind the popular point-of-sale system for eateries moved higher on Monday after an analyst initiated coverage with a buy rating and a Street-high price target of $32.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 13.11% compared to the current price of 442.05 € for Meta Platforms Inc..
