For optimists, 2023 was a stellar year. The ageless Dow Jones Industrial Average climbed to a fresh all-time high, while the S&P 500 and Nasdaq Composite logged respective gains of 24% and 43% by the time the curtain closed.
But just because the major indexes have rallied in a big way from their 2022 bear market lows, it doesn’t mean other stocks have followed suit. There is no shortage of previous highfliers that are still 75% or more below their all-time high.
For some of these former superstars, there’s still hope — at least based on the high-water prognostications of a couple of analysts on Wall Street. What follows are three turnaround stocks that, according to select Wall Street analysts, have the potential to rally by as much as 600% in the new year.
Novavax: Implied upside of 600%
The comeback story of the year, at least based on the price target of…
