Tech Sell-Off: 1 Top Growth Stock Down 79% I'd Buy Without Any Hesitation
If one thing has characterized 2022 for investors, it's been the bear market, which marks the worst downturn for Wall Street in more than a decade. The Nasdaq Composite is currently down 31% over the past year, with many stocks falling much further.
If there's been any good news to emerge from this painful period, it's that many high-quality companies -- which historically rebound quickly once the carnage is over -- are selling at multi-year lows. This gives patient investors the opportunity to profit from the short-term fear that currently grips Wall Street.
One stock that has been driven down by the prevailing market headwinds is e-commerce platform Shopify (NYSE: SHOP). The stock has fallen 79% over the past year, and some investors have largely written off the company on fears that the best days of online retail are in the rearview mirror. Let's take a look at the evidence to see what it reveals.
Source Fool.com
