1 IPO Growth Stock Down 65% to Buy Now
After a very strong performance for initial public offerings (IPOs) in 2020, the IPO class of 2021 has generally had a much rougher go of things. Investors already started moving out of speculative stocks with forward-looking valuations last year, and sell-off momentum has continued in 2022 as the market has weighed risk factors including high inflation and rising interest rates.
No doubt about it, Mr. Market isn't high on growth stocks right now. And having recently gone public probably isn't benefiting valuations for relevant companies in the category, either. However, taking advantage of dramatic sell-offs on promising stocks and zigging when market sentiment is otherwise zagging could have big payoffs for long-term investors.
Read on for a look at a company less than a year removed from its IPO that's trading down big and is worth snatching up right now.
Source Fool.com
