Prediction: This Will Be the Next "Magnificent Seven" Stock
The "Magnificent Seven" originally made the headlines as a Western back in 1960, but in recent times, it's entered the investing world. Bank of America analyst Michael Hartnett first used the term last year to refer to a group of stocks that are industry leading, each known for its strengths in some form of technology. These players, among the most heavily weighted in the S 500, have helped the benchmark soar into bull territory over the past year or so and could continue to drive gains thanks to their growth prospects.
These top stocks are: , Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla.
But there's one obvious element missing from this group: a healthcare company that's actually outperformed five of the Magnificent Seven stocks over the past year. And this player also now represents a bigger position in the S 500 than one of the Magnificent Seven stocks. Is this company on track to become the next Magnificent Seven company? Let's find out.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 79 Buy predictions and no Sell predictions.
As a result the target price of 162 € shows a slightly positive potential of 3.59% compared to the current price of 156.38 € for Alphabet Inc. A.
