2 Growth Stocks Down 35% and 78% You'll Wish You'd Bought on the Dip
2022 was brutal for the stock market, and particularly for the technology sector. The Nasdaq-100 tech index plunged 33% for the year, but at this stage, it looks like it might have bottomed in October. The index has steadily climbed ever since, logging a 24% gain so far from that low point.
With that said, some technology stocks are still sitting well below their all-time highs as their fundamentals continue to grapple with a tough economic environment. Shares of semiconductor giant Micron Technology (NASDAQ: MU) are down 35%, and shares of real estate technology company Zillow Group (NASDAQ: Z)(NASDAQ: ZG) have fallen 78%.
But the economy will almost certainly improve, and when investors look back in a few years from now, they might wish they'd bought both of these stocks on the dip.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 94 Buy predictions and 4 Sell predictions.
As a result the target price of 110 € shows a positive potential of 33.25% compared to the current price of 82.55 € for Micron Technology Inc..
