History Says the Nasdaq Will Soar: 2 Artificial Intelligence (AI) Stocks to Buy Now, According to Wall Street

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Most Wall Street analysts see substantial upside in these technology stocks.

Anticipating what the stock market will do in any given year is impossible, but investors can lean into long-term trends. For instance, the Nasdaq Composite (^IXIC 0.09%) soared 875% in the last 20 years, compounding at 12% annually, due to strength in technology stocks. That period encompasses such a broad range of market and economic conditions that similar returns are quite plausible in the future.

Indeed, the rise of artificial intelligence (AI) should be a tailwind for the technology sector, and most Wall Street analysts anticipate substantial gains in these Nasdaq stocks:

  • Among 31 analysts who follow AppLovin (APP -1.86%), the median target price of $470 per share implies 40% upside from the current share price of $335.
  • Among 39 analysts that follow MongoDB (MDB -3.48%), the median target price of $275 per share implies…

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