The weakening economy dealt heavy blows to many companies. Undoubtedly, some companies have seen their share prices fall for good reasons. But the companies with durable competitive advantages will eventually receive their due reward.
Here are two discounted growth stocks that are primed for a rebound.
Pinterest (NYSE: PINS) is one of the largest and most unique social media platforms. With 445 million monthly active users who visit the app to browse and find inspiration, Pinterest has tremendous opportunities to monetize its users and drive long-term growth. But after a sharp acceleration in growth during the pandemic, it's been challenging to keep revenue and monthly active users growing fast enough to justify the stock's expensive valuation entering 2022.
Source Fool.com