2 Beaten-Down Growth Stocks Wall Street Thinks Could Soar
Professional investors on Wall Street don't always get things right, but in times of stock market turbulence, it can be beneficial to lean on their expertise. Combining analysts' forecasts with a long-term investment horizon is a great recipe for positive returns, especially when stocks are trading at steep discounts to their all-time highs.
Cloud computing up-and-comer DigitalOcean (NYSE: DOCN) and used-car sales innovator Carvana (NYSE: CVNA) are two candidates that fit the bill. Amid the tech sell-off, they've suffered stock price declines of 62% and 72% from their highs, respectively, and Wall Street thinks they could soar. Here's why these two beaten-down stocks have Wall Street's interest.
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Source Fool.com
