2 Growth Stocks That Could Gain 125% and 164% From Their 52-Week Lows


Throughout the year, investor confidence has worsened as persistent inflation and fast increasing interest rates have called the economy's health into doubt. Roku (NASDAQ: ROKU)


 and Datadog (NASDAQ: DDOG) have seen their share values fall 84% and 58%, respectively, over that time. Both equities are presently trading near their 52-week lows.


Some Wall Street experts view now as a good time to invest. For example, Citigroup analyst Jason Bazinet has a price target of $125 per share on Roku, representing a 164% increase from 


the stock's 52-week low of $47.27. And Citigroup's Fatima Boolani has a price objective of $170 per share for Datadog, implying a 125% increase from its 52-week low of $75.53.


Investors should never place too much reliance in short-term price goals, although they may be helpful in identifying missing opportunities. 

1. Roku: The top streaming platform

Revenue increased just 31% year on year to $3 billion, compared to 72% rise the previous year, while cash from operations fell 66% to $73 million.

2. Datadog: A leader in monitoring software

Over the last year, Datadog's client base rose by 29%, and the typical consumer spent more than 30% more. 

Discover More Web Stories