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History Says the Nasdaq Will Soar: 2 Growth Stocks to Buy Now, According to Wall Street

The Motley Fool
Summary
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81% Informative

Nasdaq Composite closed in correction territory on Aug. 2 for the first time since 2022 .

The growth-focused index has since rebounded 4% , and history says it could climb even higher in the coming months .

Wall Street analysts are generally bullish on two Nasdaq stocks: Alphabet (NASDAQ: GOOGL) and Atlassian .

Atlassian estimates its $67 billion addressable market is growing at 13% annually .

Wall Street expects adjusted earnings to increase at 19% annually through fiscal 2027 .

Atlassian is a good company with a strong competitive position, but I would keep this stock on my watch list for the time being.

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81

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English

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short-lived

External references

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https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2d42522-f860-4a89-9e4e-a29277326d2a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D13885%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DAlphabet&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=295c6f49-e97f-449b-bfd8-30cd24726747https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2d42522-f860-4a89-9e4e-a29277326d2a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26amp%253Bsource%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D13885&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=295c6f49-e97f-449b-bfd8-30cd24726747https://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/investing/2024/08/06/nasdaq-correction-this-will-happen-next-surprise/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=295c6f49-e97f-449b-bfd8-30cd24726747https://www.fool.com/terms/a/artificial-intelligence/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=295c6f49-e97f-449b-bfd8-30cd24726747https://www.fool.com/author/20339/https://www.fool.com/investing/2024/08/31/nasdaq-will-soar-2-growth-stocks-buy-wall-street/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=295c6f49-e97f-449b-bfd8-30cd24726747

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