2 Stocks Down More than 75% to Buy Right Now
While macroeconomic conditions have depressed valuations for stocks across the market, companies operating in the fintech space have been among the hardest-hit. Investors have become more risk-averse and less willing to back companies with forward-looking valuations. And the combination of high inflation, rising interest rates, and weakness on some economic fronts has created business-level challenges for many fintech players.
But there's a silver lining. For long-term investors, stark bearish trends have actually created opportunities to buy some stocks with incredible rebound potential at fantastic prices. With that in mind, here are two beaten-down fintech stocks that Motley Fool contributors have identified as top recovery plays.
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Source Fool.com
