5 Growth Stocks Down 50% (or More) With Upside of 62% to 133%, According to Wall Street
For more than a decade, growth stocks have been virtually unstoppable. The combination of historically low lending rates coupled with a free-spending federal government and central bank has buoyed the U.S. economy and given fast-growing companies easy access to cheap capital.
But the past three months have not been kind to many of the growth stocks that were responsible for leading the major indexes higher after hitting a bear-market bottom in March 2020. Whereas some people see reasons to be cautious, Wall Street sees opportunity.
The following five growth stocks are all down 50% (or more) from their trailing 52-week highs. Yet they also offer significant upside, according to Wall Street's one-year consensus price target. If this price forecast proves accurate, opportunistic investors could be looking at upside ranging from 62% to 133%.
Source Fool.com
