1 Growth Stock Down 70% to Buy Hand Over Fist in 2022
The stock market is having a rough start to 2022. The technology-centric Nasdaq 100 index is down 14% year to date at Monday's prices, and we're not even four weeks into January. But some individual stocks have suffered far worse, losing 50% of their value (or more) and falling deep into bear-market territory.
Buy now, pay later (BNPL) company Affirm Holdings (NASDAQ: AFRM) is one of those stocks, declining 70% from its all-time high closing price of $168.52 set on Nov. 4, 2021. But the pessimism might have gone too far since Affirm's new deals with Amazon and Shopify could deliver growth in its business of over 6,000%. Here's how.
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Source Fool.com