This year marked a significant recovery period for the stock market, with the S&P 500 Index ($SPX) having surged 24% year-to-date. The tech sector, in particular, flourished amid the artificial intelligence (AI) boom. While Wall Street generally believes that the titans of tech have a brighter future ahead of them, there are a few under-the-radar growth stocks that also pique the interest of analysts.
The first stock we'll discuss in this article is customer engagement software company Braze (BRZE), whose shares have risen 109% YTD, boosted in part by its strong Q3 fiscal 2024 results. The second company we'll look at is Smartsheet (SMAR), a cloud-based software company whose stock has risen 22%, so far in 2023, driven by its robust fundamentals and an upbeat near-term outlook. Let's look closer to see why Wall Street is so optimistic about these two stocks.
