History Says the Nasdaq Will Soar: 2 Growth Stocks With 26% and 38% Upside to Buy Now, According to Wall Street

The Nasdaq Composite (NASDAQINDEX: ^IXIC) closed in correction territory on Aug. 2, meaning it had fallen at least 10% from its bull market high. Worrisome labor market data factored heavily into the drawdown. The U.S. added fewer jobs than analysts anticipated in July, and unemployment reached its highest level since 2021.However, investors have good reason to be optimistic. The index tends to bounce back quickly. During the last 15 years, the Nasdaq has returned an average of 21.9% during the 12 months following its first close in correction territory. The implied upside is approximately 22% by August 2025 because the index has traded sideways since entering a correction last month.Of course, past performance never guarantees future results. But Wall Street analysts forecast sizable gains for Amazon (NASDAQ: AMZN) and Zscaler (NASDAQ: ZS).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool