3 Spectacular Stocks Down Between 30% and 88% That Should Soar in a Bull Market
The stock market has given investors a wild ride over the past two years. After many stocks reached new highs in 2021, rising interest rates and outsized inflation raised fears of a recession (that has yet to happen), pushing the market lower.
Meanwhile, some growth stocks are already on the rebound but still trading well off their previous highs. Let's see why three Motley Fool contributors believe now is a good time to buy shares of Amazon (NASDAQ: AMZN), Roku (NASDAQ: ROKU), and Home Depot (NYSE: HD). These three great stocks should soar in an eventual bull market.
John Ballard (Amazon): Shares of Amazon are down 36% from their all-time high a few years ago. The e-commerce leader has waded through murky waters over the last year. Inflation and slowing e-commerce spending pushed Amazon's revenue growth to the single digits, which is far off the double-digit annual growth investors got used to over the last decade.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 70.67% for Roku compared to the current price of 54.49 €.
