The market’s relentless ascent has left many investors wondering if the rally still has legs. Despite record highs, some analysts believe there’s still room to run. UBS analyst Mark Haefele notes that all-time highs often spark concerns about market peaks, but history suggests otherwise. XM Investment analyst Marios Hadjikyriacos agrees, citing the resilient US economy and speculation about Fed rate cuts as drivers of the market’s momentum.
Amidst this backdrop, two growth stocks stand out for their potential upside. Palantir Technologies, a pioneer in artificial intelligence, has created a framework for businesses to harness the power of AI. Its Artificial Intelligence Platform provides customized solutions to everyday business challenges, and its interactive “boot camps” have helped fuel robust sales. Greentech Research investment analyst Hilary Kramer believes Palantir could reach $100 per share, representing a potential upside of 169% compared to current prices.
Another emerging power player is Symbotic, a leader in warehouse automation. The company’s custom AI solutions and smart robots maximize warehouse space, increasing efficiency and reducing costs. With a bevy of household names as customers, Symbotic has generated record revenue and slashed losses. Cantor Fitzgerald analyst Derek Soderberg maintains his overweight rating and $60 price target, representing a potential upside of 160% compared to current prices.
While these stocks come with risks, they have a long runway for growth ahead and could be big winners in the AI revolution. As the market continues to push new heights, these supercharged growth stocks may be worth considering for investors looking to ride the wave.
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