Although many assets in the stock market have not had much success in the last year, for one reason or another, 2024 might be the time when the most capable of them turn the tables and reach coveted price targets that, for some of them, are currently standing at $100.
With this in mind, Finbold has identified several such stocks that are showing the capacity and promise to overcome the challenges that exert bearish pressure on their price and reach such a goal this year – possibly hitting the $100 mark and even charging beyond.
#1 Walt Disney (NYSE: DIS)
Although entertainment giant Walt Disney (NYSE: DIS) had a difficult year due to incurring losses in its streaming venture, there are reasons for optimism as the company reported a 7% year-over-year (YoY) revenue growth and introduced its HoloTile technology, which could help its stock hit the price of $100 in 2024.
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For now, DIS is changing hands at $94.86, which indicates an increase of 1.45% on the day, a 2.87% advance in the past week, as well as a 4.3% gain across the month, as it adds up to its 19.58% positive change over the last three months, as per data on January 26.
#2 Philip Morris (NYSE: PM)
At the same time, tobacco and smoke-free product manufacturer Philip Morris (NYSE: PM) faced its own problems in 2023, culminating in October with a poor earnings report. However, it remains one of the best dividend stocks to buy in 2024, and its call for a world without smoke could impact its stock price.
Currently, it is trading at the price of $91.21, up 0.36% on the day as it moves to reverse the loss of 2.12% on its weekly chart, the 2.19% drop across the month while still recording a gain of 4.28% over the last three month, according to the most recent data.
#3 Morgan Stanley (NYSE: MS)
Finally, finance behemoth Morgan Stanley (NYSE: MS) is no exception in last year’s underperformance that has seen it decline 8.79% from January 2023, but things are looking up for the company as its new CEO Ted Pick has set a bullish economic outlook, outlining a $10 trillion goal in client assets and a 20% return.
Meanwhile, the price of the MS stock stands at $88.02, which suggests a gain of 0.51% on the day and an increase of 4.91% over the past week, while declining 5.19% during the last month and accumulating an advance of 25.03% across the previous three months, as the latest charts demonstrate.
Conclusion
All things considered, the above stocks have a strong chance of hitting the $100 price target. That said, predicting the future price in this market is a challenging task, and there is no guarantee of any established projection, which is why carrying out one’s own research is important.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
