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

Mid-cap stocks, from companies with a market capitalization between $2 billion and $10 billion, according to FINRA, are easy to overlook. Yet, many experts say they’re worth considering because they have room for growth, especially compared to large-cap stocks (market cap between $10 billion and $200 billion) and small-cap stocks (market cap between $250 million and $2 billion).

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These stocks are also worth investing in for diversification, as they have the advantages of both small- and large-cap stocks, according to Zacks. The highest-ranked have the potential to enhance their profitability, and they may become large caps over time, Zacks added.

Here are some worth considering:

Crescent Point Energy

Crescent Point Energy is an oil and gas exploration, development and production company operating in the U.S. and Canada.

• Market cap as of May 3: $5.25 billion

• Stock price: $8.50

• Year-to-date: 22.83%

• Past year: 23.9%

• Past month: 0.12%

TipRanks noted that the stock has an average price target of $10.76, which implies a 24.39% upside potential.

Smartsheet

Smartsheet is a software-as-service company whose platform helps distributed teams plan, manage, automate and report on projects.

• Market cap as of May 3: $5.30 billion

• Stock price: $38.58

• Year-to-date: -17.23%

• Past year: -1.58%

• Past month: 1.13%

As TipRanks noted, the stock’s price forecast stood at $47.93, which implies a 24.24% upside.

Exelixis

Exelixis is a biotech company involved in the discovery, development and commercialization of cancer treatments.

• Market cap as of May 3: $6.38 billion

• Stock price: $21.90

• Year-to-date: -8.48%

• Past year: 14%

• Past month: -7.56%

TipRanks reported that the stock has a 21.14% upside.

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Stock data was collected from Google Finance and Yahoo Finance on May 3, 2024.

This article originally appeared on GOBankingRates.com: 3 Mid-Cap Stocks That Will Help You Build Long-Term Wealth