3 High-Growth Stocks That Are on Sale Now
Steep rises in inflation since last year have been tough on both consumers and companies, and reduced spending has resulted in weak earnings reports this month. However, consistently easing inflation could mean that now is a prime time to buy cheap stocks that have the potential to soar once macroeconomic headwinds subside.
The consumer price index rose 4.9% in April, easing after hitting a high of 9.1% in June 2022. The improvement is especially encouraging for consumer-reliant companies hit hard by economic declines. For instance, Amazon (NASDAQ: AMZN) suffered substantial losses in its e-commerce segments last year. Yet its average 12-month price target from professional analysts of $138 reflects vast potential, projecting a 25% stock rise.
So, looking for a bargain? Here are three high-growth stocks that are on sale now.
Source Fool.com
