Prediction: These 2 Phenomenal Cathie Wood Stocks Down 80%-81% Could Make You Richer in a New Bull Market
Cathie Wood's ARK exchange-traded funds (ETFs) own stocks that were some of the best performers in the 2020-21 growth-stock boom. However, many of them have underperformed the market as inflation and interest rates have risen and recession fears have weighed on the economy.
However, there are some Cathie Wood stocks, in particular, that could be worth a closer look at their current levels for patient, long-term investors. Here are two on my radar that could deliver excellent returns once economic worries, inflation, and interest-rate headwinds subside.
Block (NYSE: SQ), formerly known as Square, is one of the largest holdings in Cathie Wood's ETFs, and ARK has added shares of the fintech giant recently. While the stock is down by 80% since its 2021 peak, there's a lot to like about where the business is now and where it's potentially going.
Source Fool.com
Square Inc. Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Square Inc..
As a result the target price of 85 € shows a very positive potential of 57.85% compared to the current price of 53.85 € for Square Inc..
