1 Growth Stock Down 76% That Could Soar in 2023, According to Wall Street
When the stock market suffers from broad losses, it's often a good time to scan for potential opportunities. History suggests the market always recovers over the long term, and since the Nasdaq-100 technology index remains in bear territory with a year-to-date loss of 27%, investors have no shortage of discounted stocks to choose from.
But what should they look for? Companies that offer products and services that remain in hot demand despite the weak economy are a good place to start, particularly those that continue to beat and raise their own forecasts.
Confluent (NASDAQ: CFLT) ticks those boxes, but if that's not enough, one Wall Street investment bank thinks its stock could soar 147% over the next 12 to 18 months. Here's why it's a great buy going into 2023.
Source Fool.com
