2 Super Stocks Down 67% and 87% You'll Regret Not Buying on the Dip
More often than not, a steep decline in a company's share price points to structural problems with its business that might be difficult to overcome. Then there are those occasions where a stock price drop has less to do with the company and more to do with outside forces it has no control over.
The last few years have been jam-packed with distortions in the financial markets. Investors navigated the pandemic and a flood of U.S. government stimulus followed by 40-year highs in inflation and the most aggressive campaign to hike interest rates in the U.S. Federal Reserve's history. As a result, many individual stocks were swept up in a buying frenzy throughout 2020 and 2021, followed by a crash back to Earth in 2022.
Some of these stocks are still trading down heavily today, despite being underpinned by relatively strong businesses. For instance, shares of DigitalOcean (NYSE: DOCN) and (NYSE: SNAP) trade about 67% and 87%, respectively, below their all-time highs. Here's why that presents a major buying opportunity for investors.
Source Fool.com
Snap Inc Stock
Currently there is a rather positive sentiment for Snap Inc with 14 Buy predictions and 7 Sell predictions.
With a target price of 14 € there is a hugely positive potential of 63.32% for Snap Inc compared to the current price of 8.57 €.
