2 Beaten-Down Growth Stocks to Buy for the Long Haul
Billionaire investor Warren Buffett says, "The stock market is a device for transferring money from the impatient to the patient." There are many impatient investors right now dumping shares of companies that have been struggling over the past year or so. Two such examples are PayPal Holdings (NASDAQ: PYPL) and Teladoc Health (NYSE: TDOC).
If you're patient, however, and willing to buy and hold these beaten-down growth stocks, they could generate fantastic returns for your portfolio.
Fintech specialist PayPal has struggled to generate much meaningful growth in recent years. In its most recent quarter, sales of just over $7 billion were up a modest 9% from the same time last year. It's a decent rate of growth, but it's nowhere near what investors have come to expect from the company.
Source Fool.com
Paypal Holdings Inc Stock
With 58 Buy predictions and 2 Sell predictions Paypal Holdings Inc is one of the favorites of our community.
With a target price of 74 € there is a positive potential of 37.8% for Paypal Holdings Inc compared to the current price of 53.7 €.
