S&P 500 Reaches Record High, Analysts Predict Stocks Could Soar As Roku and Docebo Targeted For Growth
• The S&P 500 reached a record high in January 2024, signaling the start of a new bull market with potential for stocks to soar 75-150% according to analysts.
• Roku is the top streaming platform in the U.S. and Mexico, making it a valuable partner for content publishers and advertisers as streaming displaces traditional TV.
• Morgan Stanley set a $125 price target for Roku, a 75% upside based on a revenue model dependent on stronger ad growth, which is plausible but uncertain.
• Docebo specializes in corporate learning management software and is taking market share with its AI-powered personalized learning approach.
• Morgan Stanley set a $115 price target for Docebo, a 150% upside based on projected 23% annual sales growth, aggressive but possible given 20% forecasted market growth.