Wall Street is known for its efforts to predict the future development of stocks and predict where their prices may go. These predictions are often based on educated guesses that are based on information and models that are not available to ordinary investors.
Analysts' stock price targets are usually short-term. They usually focus on a period of around 12 months. Investors should not follow these views too closely as share prices can be very volatile over such a short period. The ideal is to own shares for at least three to five years, but preferably even longer.
However, when analysts predict that high-growth stocks can double in value within a year, it is worth taking note. Even if they're wrong by half, it could still yield significant gains.
Below are three high-growth stocks that Morgan Stanley analysts expect to rise 100% over the next year.
Li Auto $LI
Chinese electric vehicle maker Li Auto is the first of the high-growth stocks that more than one analyst expects to double in…