These 5 Wildly Popular High-Flying Stocks of 2023 Could Be Duds in the Rest of 2024, According to Wall Street
Over the long term, the S 500 has delivered an average annual return in the ballpark of 10%. When a given stock generates a return below that level it can be disappointing. That's especially the case for growth stocks for which investors have great expectations.
Such growth stocks led the charge last year, helping the major market indexes achieve big gains. Many analysts don't think you should look for a similar performance in the new year from all of them, though. These five wildly popular high-flying stocks of 2023 could be duds in the rest of 2024, according to Wall Street.
Thanks to a 57% return in 2023, (NASDAQ: MSFT) ended the year just a hair away from becoming the most valuable company in the world based on market cap. The tech stock's modest rise in recent weeks has allowed it to claim the title, albeit just barely.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 103 Buy predictions and 2 Sell predictions.
With a target price of 414 € there is a slightly positive potential of 5.45% for Microsoft Corp. compared to the current price of 392.6 €.
