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Buying This Top Growth Stock While It's Down Could Be a Genius Move

TheMotleyFool

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Buying This Top Growth Stock While It's Down Could Be a Genius Move: https://g.foolcdn.com/editorial/images/709513/family-moving-into-a-house.jpg

Although the ongoing market downturn has affected companies of all stripes, it has particularly impacted growth stocks. That's not great news for investors, but the silver lining is that these businesses won't stay down forever.

Take vacation rental platform Airbnb (NASDAQ: ABNB), which has lost nearly half its value in the past year. There are good reasons to think the market is undervaluing Airbnb's potential, making it an excellent stock to buy right now. Let's dig a bit deeper.