3 Top Tech Stocks -- Down Nearly 50% -- to Buy After Q1 2021 Earnings
This spring has been rough going for investors in high-growth technology stocks. With the economy reopening again, a massive rotation into "old economy" value stocks has ensued -- and a flight from tech has meant steep double-digit percentage declines for many of them.
However, while many value stocks are rallying, the future still favors growing names within the digital economy. Three that have been beat up as of late in spite of stellar first-quarter 2021 earnings are The Trade Desk (NASDAQ: TTD), Twilio (NYSE: TWLO), and Redfin (NASDAQ: RDFN). Here's why all three look like solid buys right now.
Shares of The Trade Desk have been humbled. Briefly valued at a whopping 60 times trailing 12-month sales at the end of 2020, the stock is now trading for a much more reasonable 30 times trailing 12-month sales after tumbling nearly 50% from all-time highs. Granted, this is still no "cheap" stock. But growth for this digital advertising software provider is far from over.
Source Fool.com
