Down 74%, This Growth Stock Is a Smart Buy That Could Make You a Fortune
The market has drastically reassessed its stance on growth stocks over the last couple of years. While soaring inflation, rising interest rates, and the looming specter of economic downturn have generally crushed share prices for companies that had heavily forward-looking valuations, there have been some great stocks caught up in this broader trend that will likely bounce back to deliver incredible returns for patient investors.
In an age when internet-based communications, platforms, and services have never been more central to business and everyday life, Cloudflare (NYSE: NET) is arguably one of the most important companies, and its technologies will only become increasingly essential going forward. With the stock down 37% over the last year and 74% from its high, building a position in this web services leader at today's prices is a move that could deliver tremendous returns for long-term shareholders.
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Source Fool.com
