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3 Mid-Cap Stocks That Will Help You Build Long-Term Wealth

Mid-cap stocks, falling within the market capitalization range of $2 billion to $10 billion, are often overlooked but are worth considering for potential growth. Experts suggest that these stocks have room to grow compared to large-cap and small-cap stocks. They can also offer diversification benefits by combining the advantages of both small and large caps.

According to Zacks, top-ranked mid-cap stocks have the potential to increase profitability and may even transition into large-cap stocks over time. This makes them an attractive option for investors looking to build long-term wealth.

Here are three mid-cap stocks worth considering:

1. Crescent Point Energy: An oil and gas exploration, development, and production company operating in the U.S. and Canada. Analysts at TipRanks have set an average price target of $10.76, suggesting a 24.39% upside potential.

2. Smartsheet: A software-as-a-service company that provides a platform for distributed teams to plan, manage, automate, and report on projects. The stock’s price forecast is $47.93, indicating a 24.24% upside, according to TipRanks.

3. Exelixis: A biotech company focused on discovering, developing, and commercializing cancer treatments. TipRanks reported a 21.14% upside potential for the stock.

DailyBubble believes that investing in mid-cap stocks can be a strategic move for building long-term wealth. These stocks offer growth potential and diversification benefits, making them an important consideration for investors looking to expand their portfolios.

Please note that stock data was collected from Google Finance and Yahoo Finance on May 3, 2024. This article provides valuable insights on mid-cap stocks that can help investors make informed decisions for their investment portfolios.

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