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Analysts See Upside For 95% Of S&P 500 Stocks: How Nvidia, Tesla Stack Up

The latest market downturn has left many investors questioning whether this is a temporary dip or the beginning of a prolonged bear market.

Yet, an eye-opening indicator suggests that opportunities may be more abundant than feared—95% of S&P 500 stocks currently hold a median analyst price target above their latest trading price, signaling significant upside potential across the board.

Notably, two Magnificent Seven stocks—Nvidia Corp. (NASDAQ:NVDA) and Tesla Inc. (NASDAQ:TSLA)—rank among the top when comparing the gap between Wall Street’s median price target and current prices, a quite uncommon event for tech giants that traditionally trade at valuation premiums.

Is This A Market Bottom Or A Value Trap?

The S&P 500 officially entered correction territory last week, leaving investors to wonder whether the worst is over or if further downside awaits.

Ed Yardeni, president of Yardeni Research, has been one of the more bullish voices on Wall Street. Last week, he raised his probability of a bearish scenario from 20% to 35%. That forecast includes the possibility of a recession or stagflation—a combination of stagnant growth and inflation.

Yardeni also acknowledged the possibility that a bear market ...