1 Growth Stock Down 76% That Could Soar, According to Wall Street
When a stock suffers a steep decline, it's reasonable to assume the company made execution errors resulting in poor financial performance. But over the last two years, many high-growth technology stocks enjoyed astronomical gains and are now suffering from a subsequent "return to Earth" -- without doing anything differently from a business perspective.
Upstart Holdings (NASDAQ: UPST) is an especially rare case because it's a profitable company with soaring operational growth, and yet its stock price has declined 76% since hitting its all-time high in October 2021.
Its business is performing so well that analysts at one major Wall Street bank think its stock could gain 268% from today's price. If you're hunting for bargains in this difficult market, Upstart is definitely worthy of consideration.
Source Fool.com