2 Stocks Down More Than 75% to Buy Right Now
Between roaring inflation, rapidly rising interest rates, and the threat of recession on the horizon, the global economy faced challenging, volatile conditions over the last couple of years. The tumultuous backdrop was particularly hard on fintech stocks.
Amid tough macro conditions, even profitable companies that continued to grow sales saw precipitous valuation pullbacks, but hard times for the fintech space won't last forever. With that in mind, read on for a look at two promising stocks that investors can buy at massively attractive discounts.
Parkev Tatevosian: (NASDAQ: PYPL) stock trades down a whopping 76% off its highs in mid-2021. PayPal thrives when consumers are spending money online. It managed this by making it more convenient to shop online. PayPal made it possible for a simple face ID log-in to facilitate payment, as quickly (or even quicker) than using your debit or credit card. There was a lot of that during the pandemic, of course.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 70 Buy predictions and 3 Sell predictions.
As a result the target price of 75 € shows a slightly positive potential of 15.03% compared to the current price of 65.2 € for Paypal Holdings Inc.
