Wall Street Thinks This Stock Has 50% Upside
One of the most common ways people took advantage of being at home so much during the pandemic was to adopt a pet. Pet ownership rose to 70% of U.S. households in 2020. That's up from 56% in 1988. It may help curb some of the mental health issues that resulted from loneliness and isolation. It will also lead to more spending.
One of the biggest beneficiaries should be Idexx Laboratories (NASDAQ: IDXX). The company offers veterinary diagnostic products for both household and farm animals, as well as software that helps vets run their practice. As you might expect, business is good. And although the stock is down, Wall Street has a price target that suggests a lot of upside ahead.
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Source Fool.com
