2 Cheap Growth Stocks to Buy Before They Soar 175% and 495%, According to Certain Wall Street Analysts

The S&P 500 has seen significant gains this year, with a 15% increase year to date and a 42% increase since the start of 2023. Despite the soaring market, some Wall Street analysts are still identifying potential growth opportunities in UiPath (NYSE: PATH) and Block (NYSE: SQ).

Keith Weiss from Morgan Stanley has a bullish outlook on UiPath, setting a target price of $35 per share by May 2025. This represents a 175% upside from its current price of $12.69 per share. Meanwhile, Maximilian Friedrich at Ark Invest has a positive valuation model for Block, projecting a price of $375 per share by December 2025, implying a 495% increase from its current price of $63 per share.

UiPath is a leader in robotic process automation, offering tools to help businesses automate processes and tasks using AI capabilities like computer vision and natural language processing. Despite recent challenges in sales execution, UiPath remains well-positioned in the growing RPA software market, which is expected to expand by 40% annually through 2030. The company’s Autopilot feature is also gaining traction, offering automation for various tasks.

On the other hand, Block operates in the fintech space with its Square and Cash App ecosystems. The company aims to simplify commerce for merchants and consumer finance through integrated platforms. Block’s solid financial results in the first quarter of 2024 demonstrate its progress in expanding the Square ecosystem and driving Cash App inflows.

While both UiPath and Block show promise, investors should approach with caution. Despite optimistic price targets, achieving such high returns may be challenging. However, with strong market positions and growth initiatives, both companies offer potential for long-term growth.

In conclusion, UiPath and Block present compelling investment opportunities, but investors should carefully assess the risks and consider the long-term prospects of these companies. It’s important to conduct thorough research and consult with financial advisors before making investment decisions.