Have $1,000? These 2 Stocks Could Be Bargain Buys for 2024 and Beyond
The stock market has gotten off to a solid start in 2024 with the S 500 index already up by close to 8% and setting new highs, and the good part is that the market could keep rising thanks to a strong U.S. economy and receding inflation.
Technology stocks, in particular, could have another solid year on the back of catalysts such as artificial intelligence (AI). It is worth noting that the Nasdaq-100 Technology Sector index has jumped by more than 62% in the past year, so it may be difficult to find bargains in this sector. But if you have $1,000 to spare after paying your bills, saving enough for a rainy day, and paying off high-interest debt, you may want to use that investible cash to buy one share of each of these two tech companies that look like solid buys right now based on their long-term prospects.
Cloud communications specialist (NYSE: TWLO) may look like a surprising buy recommendation considering that it has underperformed the stock market in the past year, losing 18% of its value. There was more bad news for Twilio investors when the company released its fourth-quarter results last month.
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 10 Buy predictions and 3 Sell predictions.
With a target price of 67 € there is a slightly positive potential of 17.75% for Twilio Inc compared to the current price of 56.9 €.
