1 Super Stock to Buy Hand Over Fist, According to 91% of These Wall Street Analysts
The technology sector is in the throes of the worst bear market since the Great Recession in 2007-09. The Nasdaq-100 index, which is home to some of the largest tech stocks in the world, is down 30.4% so far in 2022.
In these circumstances, it can sometimes be useful to observe what professional analysts on Wall Street are doing and saying about various stocks. While they don't always get things right, they can help investors identify companies that continue to do well despite the slowing economy and grim stock market returns.
One such company on analysts' radars at the moment is Bill.com (NYSE: BILL). It nearly doubled its revenue in the first quarter of fiscal 2023 (which ended Sept. 30), and 91% of analysts tracked by The Wall Street Journal have given Bill.com stock the highest possible buy rating -- with not a single one recommending selling. Here's why.
Source Fool.com
