3 Beaten-Down Growth Stocks to Buy Right Now
When putting capital to work, a good starting place is to find stocks that are well off their all-time highs. This presents a potential opportunity as pessimism is elevated -- and the upside could be sizable. Finding businesses that have wonderful qualities, like a competitive advantage and ample growth opportunities, is important as well.
With that framework in mind, here are three beaten-down growth stocks that investors should take a look at buying right now. They just might supercharge your portfolio's returns.
As of this writing, 's (NASDAQ: ETSY) stock is down 69% from its peak price. The business is enduring a huge post-pandemic hangover, one where growth in revenue and gross merchandise sales (GMS) has slowed dramatically. Fewer consumers need to flock to the website for face masks and other essentials they might have needed years ago.
Source Fool.com
