Leading US stocks under the Nasdaq index are performing well in the charts in 2024. The Nasdaq Composite index has surged nearly 23% year-to-date and hit an all-time high of 18,671 in July. The index now stands at 18,074 and still attracts bullish sentiments as retail investors and institutional funds are taking entry positions.
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As the Nasdaq soars in the charts, two leading US stocks remain under the radar that could generate top returns. These could be breakout stocks that might rise high after the consolidation phase. This article will highlight two Nasdaq stocks to buy before they surge 50% and more.
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Nasdaq Stocks: 2 Assets Could Rise More Than 50%
1. CrowdStrike (CRWD)
Leading US investment and financial services bank Piper Sandler analysts led by Rob Owens predicted that CrowdStrike stock could reach $400. CrowdStrike is currently trading at $288.
They wrote that they see “many incremental growth opportunities” in CrowdStrike despite the company being at the center of the global internet outage. “The (Nasdaq) stock will continue to rise as long as investors continue to envision continued growth. Feel free to add some CrowdStrike shares to your portfolio, and get ready for $400 in the near term and much higher prices down the line,” read the forecast.
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2. Baidu (BIDU)
Another Nasdaq stock Baidu (BIDU) is currently trading at $94.81 on Wednesday. The company is called the Google of China as it dominates the internet landscape of the Communist country. It also controls more than 52% of the market share and is a tech titan that is listed on Nasdaq.
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Investment banking firm Benchmark analyst Fawne Jiang has painted a bullish picture for the Nasdaq stock Baidu. Jiang explained that Baidu is investing heavily in artificial intelligence (AI) and believes it will drive the company’s growth for the next decade.
The Benchmark analyst has predicted the Nasdaq stock Baidu to reach $180 in the coming months. That’s an uptick and return on investment (ROI) of approximately 92% from its current price.