1 Monster Growth Stock Down 80% to Buy Now
When it comes to stock valuations, there's at least some truth to the old saying, "it's all relative." At least in the near term. The market's approach to assigning reasonable price-to-sales and price-to-earnings ratios can change dramatically in a relatively short amount of time, and we've seen this dynamic play out over the last couple years and lead to wide swings for stocks that trade at growth-dependent valuations.
Additionally, companies that saw surging business due to conditions created by the coronavirus pandemic have now seen some of those catalysts weaken substantially, and it's resulted in some precipitous valuation pullbacks for many "pandemic stocks." Let's take a closer look at one industry innovator that's now down 80% from its peak and looks like a great long-term buy at today's prices.
Image source: Getty Images.
Source Fool.com
