One of the Newest Stocks in the S&P 500 Has Soared 33,150% Since Its IPO, and It's Still a Buy Right Now, According to a Certain Wall Street Analyst

The S&P 500 is widely regarded as the best overall gauge of the U.S. stock market, as it comprises the 500 largest publicly traded companies in the country. Given the breadth of businesses that make up the index, it is considered the most reliable benchmark of overall stock market performance. To be considered for admission to the S&P 500, a company must meet the following criteria:Williams-Sonoma (NYSE: WSM) is one of the most recent additions to the S&P 500, joining the benchmark on March 2024. That makes it one of only five companies to make the cut so far this year. Over the past three years, the home goods retailer has trounced the market, generating gains of 216%, compared to just 52% for the S&P 500 (as of this writing). Its performance is even more pronounced over the past decade, as Williams-Sonoma's revenue has grown 119%, net income has soared 617%, and the stock price has surged 312%.Yet, despite the stock's consistent performance and strong track record of growth, it remains surprisingly affordable. Let's look at the opportunity ahead and why some on Wall Street believe the stock is a strong buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool