2 Growth Stocks Down Over 75% That Could Double, According to Wall Street
The stock market is in the middle of a roller-coaster earnings season, but wild swings in price are also being driven by multiple factors, including geopolitical tensions related to Russia and Ukraine and the looming prospect of interest rate increases to address rising inflation. Volatility is likely to be the norm, at least for the short term.
All these short-term issues only reinforce the benefits of having a long-term investment strategy. The issues shaking the market right now likely won't be a factor in five years (and beyond). Long-term investors can use the recent declines in price as buying opportunities that can lead to significant rewards in the future.
Small-cap stocks Offerpad Solutions (NYSE: OPAD) and Skillz (NYSE: SKLZ) have crashed 75% and 92%, respectively, from their 52-week highs. And while any company that loses such a significant portion of its value in a relatively short time carries inherent risks, some Wall Street analysts are betting these two stocks can make a comeback.
Source Fool.com
