Market Sell-Off: 1 Tech Stock That Could Triple in 5 Years
Last week, all three major U.S. indices took a hit, though the tech-heavy Nasdaq Composite fell further than the S&P 500 or the Dow Jones Industrial Average. Unfortunately, this sell-off added to the pain of previous losses for some shareholders, myself included. For instance, Fastly (NYSE: FSLY) stock is now down about 70% from its all-time high.
However, dips in the market can be buying opportunities when we are talking about a good company, especially if the company in question still has strong prospects for future growth. And I think Fastly checks that box. In fact, I think this tech stock could grow threefold in the next five years.
Here's why.
Source Fool.com
